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10-Mar-2010 12:06 PM

John Menzies Plc revenue up 3.5%, reports double-digit increase in profits in 2009

Scotland’s John Menzies Plc revenue up 3.5% - financial highlights for the 12 months ended 31-Dec-2009:

  • Revenue: GBP1,726 million, +3.5% year-on-year;
  • Underlying operating profit by division^:
  • Underlying profit before tax*: GBP35.2 million, +14.7%;
  • Profit before tax: GBP22.0 million, +122.2%. [more]

^Includes each division’s share of pre-tax profit from JVs and associates, and excludes intangible amortisation and exceptional items
*Profit before taxation, intangible amortisation and exceptional items

John Menzies: “2010 has started well with both divisions trading ahead of the previous year. We intend to continue to grow both of our divisions by contract wins and selective growth opportunities whilst continuing to focus on debt reduction,” William Thomson, Chairman. Source: John Menzies, 09-Mar-2010.

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