Stobart Group suspends dividend as loss widens

Text size Aa Aa

(Reuters) – Infrastructure and support services company Stobart Group <STOB.L> suspended its dividend to conserve cash and reported a bigger first-half loss on Thursday, hurt by impairment charges.

The company said its loss widened to £20.9 million in the six months ended Aug. 31, compared with a loss of £17.5 million a year earlier.

However, it reported a 187% rise in underlying core earnings to £12.1 million, driven by growth in its aviation and energy divisions.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Saumyadeb Chakrabarty)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.