Share Name Share Symbol Market Type Share ISIN Share Description
Bae Systems Plc LSE:BA. London Ordinary Share GB0002634946 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.60p +0.47% 558.60p 557.40p 557.80p 559.00p 553.40p 556.60p 5,937,970 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 16,821.0 1,224.0 31.3 17.8 17,897

BAE Systems: 2019 Earnings to Benefit After Settling of Overseas Tax Matter

18/07/2019 8:01am

Dow Jones News

Bae Systems (LSE:BA.)
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3 Months : From Jul 2019 to Oct 2019

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   By Oliver Griffin 

BAE Systems PLC (BA.LN) said Thursday that it will have a one-off non-cash benefit in its 2019 earnings after it settled an overseas tax matter.

The British defense company said it would also recognize a provision after the European Commission ruled that the U.K.'s Controlled Foreign Company regime partially represents state aid.

Following these two factors, BAE said it expects to book a net earnings per share benefit to underlying earnings in 2019 of around 5 pence.


Write to Oliver Griffin at; @OliGGriffin


(END) Dow Jones Newswires

July 18, 2019 02:46 ET (06:46 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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