Whitbread H1 Adjusted Pre-Tax Profit Falls 9% to £287m
For the six months to 27 August, statutory pre-tax profit fell 62% to £109m. Whitbread backed its full-year outlook.
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06:59:39 AM UTC
SquawkNews
DUNSTABLE (dpa-AFX) - Whitbread Plc (WTB.L), a UK hospitality company, Tuesday reported significantly-lower first-half profit before tax, driven primarily by impairment charges associated with the group's strategic review and the Accelerating Growth Plan.Profit before tax declined to £109.1 million…
For the six months to 27 August, adjusted pre-tax profit fell 9% to £287m. Statutory pre-tax profit dropped 62% to £109m. Whitbread said adjusted pre-tax profit reflected strong trading in the UK and Ireland and Germany, partly offset by temporary transition costs associated with its…