BREAKING NEWS
This content is not available in your region

Stobart Group suspends dividend as loss widens

Access to the comments Comments
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 euronews.com for a limited time.