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Johnson Service CEO to retire, group sees FY results beat

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Johnson Service CEO to retire, group sees FY results beat

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(Reuters) – Johnson Service Group <JSG.L> Chief Executive Chris Sander is set to retire in the first half of next year, the textile rental company said, and forecast that results for the current year would be slightly ahead of current market expectations. The group said on Monday adjusted pretax profit from continuing operations rose 23.5 percent to 16.8 million pounds in the six months ended June 30, helped by benefits of recent acquisitions and cost control measures. “We are well placed to exploit the opportunities that exist within our market sectors and the exceptional performance across all of our brands gives us confidence that this will continue in the second half,” Sander said in a statement.

(Reporting by Esha Vaish in Bengaluru; Editing by Amrutha Gayathri)
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