Edition:
India

Compass Group HY Statutory Profit Before Tax 852 Mln Stg Vs 793 Mln Stg


Wednesday, 15 May 2019 

May 15 (Reuters) - Compass Group PLC ::H1 REVENUE ROSE 8.8 PERCENT TO 12.33 BILLION STG.HY NET FINANCE COSTS INCREASED TO £73 MILLION (2018: £53 MILLION).MADE FURTHER PROGRESS WITH DISPOSAL PROGRAMME AND HAVE NOW EXITED C. 2% OF REVENUES OF NON-CORE BUSINESSES.HY STATUTORY PROFIT BEFORE TAX WAS £852 MILLION (2018(1): £793 MILLION).COMPASS GROUP-INCREASES ORGANIC REVENUE GROWTH GUIDANCE FOR FY AND EXPECT TO DELIVER ORGANIC REVENUE GROWTH AND MARGIN PROGRESSION SIMILAR TO 2018.AN INTERIM DIVIDEND OF 13.1 PENCE PER SHARE (2018: 12.3 PENCE).REMAIN MINDFUL OF MACRO UNCERTAINTY IN PARTS OF EUROPE AND ITS IMPACT ON BUSINESS.DURING FIRST SIX MONTHS OF YEAR, NET DEBT INCREASED TO £3,556 MILLION (2018 FY: £3,383 MILLION).NOT YET CLEAR WHAT FULL IMPACT OF BREXIT WILL BE WHILST NEGOTIATIONS CONTINUE TO TAKE PLACE.