Compass Group's full-year profit down 14 percent
Compass Group PLC, the world’s largest catering company, reported Wednesday that profit fell 14 percent in the year ending Sept. 30 due to fewer sales of assets compared with a year earlier. Shares rose, though, as the results were better than analysts’ forecasts.
Profit attributable to equity shareholders was 443 million pounds ($673 million) for the year, compared to 515 million pounds in the previous year. The drop reflected a decline in profit from the sale of assets, which were negligible compared to a net figure of 585 million pounds in the previous year.
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