Reuters logo
Strong pound hits John Menzies' first-half profit
August 19, 2014 / 6:25 AM / 3 years ago

Strong pound hits John Menzies' first-half profit

Aug 19 (Reuters) - John Menzies Plc reported a 9 percent fall in first-half profit as a strong pound cut earnings at its aviation services unit that earns largely in other currencies.

Underlying pretax profit dropped to 20.7 million pounds ($34.6 million) in the six months ended June 30 from 22.8 million pounds a year earlier.

At constant currency, turnover rose 2.7 percent to 1.03 billion pounds, said John Menzies, whose interests are split between lucrative aviation services and a struggling distribution business. ($1 = 0.5980 British Pounds) (Reporting by Esha Vaish in Bangalore; Editing by Gopakumar Warrier)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below