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Name | Symbol | Market | Type |
---|---|---|---|
Compass Group PLC (PK) | USOTC:CMPGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.35 | -1.22% | 28.33 | 28.24 | 28.65 | 28.61 | 28.27 | 28.58 | 66,522 | 21:02:22 |
By Michael Susin
Compass Group PLC said Wednesday that it is upgrading its guidance for fiscal 2022 after first-half pretax profit rose, and that it plans a share buyback program.
The U.K. catering contractor said pretax profit for the six months to March 31 was 632 million pounds ($778.4 million) compared with GBP133 million for the same period the year before.
Underlying operating profit--which strips out exceptional and other one-off items--rose to GBP673 million from GBP287 million, with a margin of 5.5%.
Revenue increased to GBP11.5 billion from GBP8.44 billion.
Compass said it will start a share buyback program worth up to GBP500 million this year.
The company said it has upgraded its FY 2022 guidance for organic revenue growth to around 30% from a range of 20% to 25%, while underlying operating margin guidance remains unchanged and is expected to be above 6%.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
May 11, 2022 02:43 ET (06:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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