Laird says H1 underlying pretax profit down about 39 pct

Friday, 29 Jul 2016 

Laird Plc : Sees likely loss from Novero acquisition for full year of around 9.0 mln stg . Interim dividend up 3 pct to 4.53 pence per share . For 6 months ended June 30 underlying profit before tax 1,3 16.4 mln stg versus 26.9 mln stg . 15.2 pct increase in H1 revenue reflects growth in majority of business and acquisitions .Rapid downturn in US rail freight markets due to commodity and energy prices has had a significant impact on revenues in our WACS business. 

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