Compass Group Raises Fiscal Year Revenue View After 1st Half Profit Rise
15 Maio 2019 - 3:51AM
Dow Jones News
By Adria Calatayud
Compass Group PLC (CPG.LN) on Wednesday raised its revenue
growth guidance for fiscal 2019 after posting a 7.4% rise in pretax
profit for the first half driven by a strong performance in North
America.
The company said it now expects to deliver organic revenue
growth and margin progression similar to that of fiscal 2018,
having previously guided for organic revenue growth slightly above
the middle of its targeted 4% to 6% range, with modest margin
progression. In fiscal 2018, the company's organic revenue grew
5.5% and operating margin was unchanged at 7.4%.
Pretax profit for the half-year ended March 31 was 852 million
pounds ($1.10 billion) compared with GBP792 million in the
year-earlier period, the U.K. catering contractor said. Net profit
rose to GBP646 million from GBP606 million, Compass said.
Operating profit was up 6.9% at GBP913 million in the first
half, the company said.
First-half revenue increased to GBP12.33 billion from GBP11.33
billion a year before, Compass said. Revenue grew 6.6% on an
organic basis.
The board declared an interim dividend of 13.1 pence a share, up
from 12.3 pence in the year-earlier period.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
May 15, 2019 02:36 ET (06:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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