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Just Eat first-half core profit drops on rollout of delivery network

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AMSTERDAM (Reuters) – British food delivery firm Just Eat Plc <JE.L> on Wednesday said its core profit dropped 16% in the first half of the year, as it increased spending on the rollout of its delivery services.

Just Eat reported underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) of 72.4 million pounds for the first six months of 2019, while revenue rose 30% to 464.5 million pounds.

(Reporting by Bart Meijer, editing by Louise Heavens)

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