Smiths News Shares Fall 9% as Statutory Operating Profit Drops 16%
Smiths News shares were down around 9% at 74p by 1406 GMT after statutory operating profit fell 16% to £34.6m. Adjusted operating profit slipped 1% to £38.7m, slightly ahead of company-compiled consensus of £38.4m.
Shares were down around 9% at 74p by 1406 GMT after the company reported a 16% fall in statutory operating profit to £34.6m on the back of transformation and network reorganisation costs.However, adjusted operating profit slipped 1% to £38.7m, slightly ahead of company-compiled consensus at £38.4m…