John Menzies plc profits mixed in 2016, confident of 2017 outlook

John Menzies plc revenue up 4% - financial highlights for 12 months ended 31-Dec-2016:

• Revenue: GBP1982 million, +4.3% year-on-year;
• • Aviation: GBP868.1 million, +15.9%;
  • • Ground handling: GBP591.5 million, +20.7%;
    • Cargo handling: GBP159.1 million, +8.4%;
    • Cargo forwarding: GBP117.5 million, +4.4%;
• Operating profit: GBP20.1 million, +6.9%;
• Net profit: GBP8.0 million, -19.2%;
• Total assets: GBP585.3 million;
• Cash and cash equivalents: GBP38.9 million;
• Total liabilities: GBP457 million. [more - original PR][more - original PR - Presentation]

John Menzies: "Overall the Board is confident with the Group's outlook for 2017 and will look to capitalise on opportunities in both divisions". Source: Company statement, 08-Mar-2017.