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Keller posts 32% drop in first-half profit, reaffirms full-year expectations

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(Reuters) – Keller Group Plc <KLR.L> posted a 32% drop in first-half profit on Monday as costs rose in its North America operations, but the engineering contractor stuck to its full-year expectations citing a stronger second half of the year.

The company, which provides ground improvement equipment and cable systems to the construction industry, said file:///C:/Users/U6026132/AppData/Local/Fastwire/Download/532101077/Keller%20Group%20plc%20Interim%20Results%20for%20the%20six%20months%20ended%2030%20June%202019.pdf underlying pretax profit fell to 28.9 million pounds in the six months ended June 30, from 42.2 million pounds a year ago.

(Reporting by Justin George Varghese in Bengaluru; Editing by Saumyadeb Chakrabarty)

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