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CPG Compass Group Plc

2,235.00
5.00 (0.22%)
Last Updated: 11:23:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Compass Group Plc LSE:CPG London Ordinary Share GB00BD6K4575 ORD 11 1/20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.22% 2,235.00 2,235.00 2,236.00 2,238.00 2,218.00 2,229.00 234,137 11:23:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Eating Places 31.03B 1.31B 0.7696 29.02 38.13B

Compass Group 1st Half Pretax Profit Fell, Sees Gradual Recovery in 3Q

12/05/2021 7:51am

Dow Jones News


Compass (LSE:CPG)
Historical Stock Chart


From Apr 2021 to Apr 2024

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By Adria Calatayud

 

Compass Group PLC said Wednesday that pretax profit for the first half of fiscal 2021 fell sharply as revenue was hit by the coronavirus pandemic but it anticipates a gradual improvement in revenue in the third quarter.

The U.K. catering contractor said pretax profit for the six months to March 31 was 133 million pounds ($188.1 million) compared with GBP787 million for the same period last year.

Underlying operating profit for the period fell 65% to GBP290 million, with a margin of 3.4%.

Revenue for the half was GBP8.44 billion, down from GBP12.48 billion in the year-earlier period.

Compass said it anticipates a gradual improvement in revenue and an operating margin of between 4.5% and 5.0% in the third quarter.

"With the gathering pace of vaccination rollouts across our major markets, we are working closely with our clients to prepare to reopen their sites safely, although the picture across the world remains mixed," Chief Executive Dominic Blakemore said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

May 12, 2021 02:36 ET (06:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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