August 2, 2017 / 6:21 AM / 2 years ago

Argentina hit drags down Aggreko's first-half profit

Aug 2 (Reuters) - Aggreko, the world’s largest temporary power provider, said its results were hurt by lower pricing on its Argentina contracts as it reported a 10 percent fall in first-half profit.

The British firm, whose kit powers major events and covers electricity shortfalls, said pretax profit before exceptional items fell to 63 million pounds ($83 million) in the six months ended June 30, from 71 million pounds a year ago.

It said the result met market expectations.

“I am confident that the changes we have made in the last two years are delivering results, with our first-half performance supporting our view that, Argentina aside, we will grow this year,” Chief Executive Chris Weston said. ($1 = 0.7572 pounds) (Reporting by Esha Vaish and Rahul B in Bengaluru, editing by Louise Heavens)

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