UK's Babcock cautious about outlook as first-half profit recovers

© Reuters.

(Reuters) – British engineer Babcock International said on Tuesday it remained cautious about its outlook, as it’s in the early stages of its turnaround plan amid inflationary and supply chain pressures and uncertainty over new coronavirus variants.

The company, which counts Britain’s Ministry of Defence as its biggest customer, reported underlying operating profit for the six months ended Sept. 30 of 115.3 million pounds ($153.14 million), compared with 84.5 million pounds a year ago on fewer COVID-19 restrictions.

($1 = 0.7529 pounds)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.