Compass Group's Full-Year Pretax Profit Rises Slightly
November 24 2015 - 3:01AM
Dow Jones News
By Tapan Panchal
LONDON--Compass Group PLC (CPG.LN) said Tuesday its pretax
profit for fiscal 2015 rose slightly, driven by increased revenue
in North America and emerging markets, and a further recovery in
Europe and Japan.
The contract food and support services company said its pretax
profit for the year ended Sept. 30 rose to 1.16 billion pounds
($1.75 billion) from GBP1.14 billion. Revenue rose to GBP17.59
billion from GBP16.85 billion.
Operating profit rose to GBP1.26 billion from GBP1.21
billion.
"Our expectations for 2016 are positive and unchanged," Chief
Executive Richard Cousins said.
The catering company said its pipeline of new contracts is
strong, while savings from restructuring programs and margin
improvements would offset lower volumes and pricing pressures in
fast-growing and emerging markets.
Compass declared a final dividend of 19.6 pence a share, giving
total dividend for the year of 29.4 pence, up from 26.5 pence paid
last year.
Write to Tapan Panchal at tapan.panchal@wsj.com
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(END) Dow Jones Newswires
November 24, 2015 02:46 ET (07:46 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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