Edition:
India

Computacenter HY Profit Falls, Sees Additional Brexit Costs


Friday, 23 Aug 2019 

Aug 23 (Reuters) - Computacenter PLC ::HALF-YEAR REPORT.ANNOUNCE AN INTERIM DIVIDEND OF 10.1 PENCE PER SHARE.GROUP'S TOTAL REVENUES GREW 20.8 PER CENT OR £418.1 MILLION DURING FIRST HALF OF YEAR.TOTAL REVENUES GREW 20.8 PER CENT OR £418.1 MILLION DURING FIRST HALF OF YEAR.OUTLOOK REMAINS IN LINE WITH ITS EXPECTATIONS, WHICH WERE UPGRADED AS PER TRADING UPDATE ON 31 JULY 2019.EXPECTS THAT FULL YEAR 2019 PROFIT GROWTH, IN MONETARY VALUE, WILL BE BEST IN COMPANY'S HISTORY.BOARD'S OUTLOOK REMAINS IN LINE WITH ITS EXPECTATIONS, WHICH WERE UPGRADED AS PER TRADING UPDATE ON 31 JULY 2019.HY STATUTORY PROFIT BEFORE TAX 50.8 MILLION STG VERSUS 52.0 MILLION STG.HY ADJUSTED PROFIT BEFORE TAX 53.5 MILLION STG VERSUS 52.1 MILLION STG.INTERIM DIVIDEND OF 10.1 PENCE PER SHARE (H1 2018: 8.7 PENCE PER SHARE).WEAKNESS OF STERLING, PARTICULARLY AGAINST EURO, EXPECTED TO CONTINUE TO RESULT IN A FOREIGN EXCHANGE TRANSLATION BENEFIT TO GROUP.EXPECT TO SEE A MORE SIGNIFICANT CONTRIBUTION FROM OUR ACQUIRED BUSINESS IN USA DURING SECOND HALF.BOARD EXPECTS THAT FULL YEAR 2019 PROFIT GROWTH, IN MONETARY VALUE, WILL BE BEST IN COMPANY'S HISTORY.MANY CUSTOMERS, ESPECIALLY IN AUTOMOTIVE, MECHANICAL ENGINEERING, CHEMICAL AND PHARMACEUTICALS ARE SUFFERING FROM ECONOMIC DOWNTURN.MANY INVESTMENTS, ESPECIALLY IN IT, ARE SUFFERING FROM VARIOUS SAVINGS PROGRAMMES, WHICH ARE ALSO AFFECTING COMPUTACENTER.THERE WILL BE ADDITIONAL INVESTMENT REQUIRED IN IT SYSTEMS TO MANAGE TRANSITION FOR BREXIT. 

Company Quote

1281.0
-4.0 -0.31%
4:49pm IST