UK's De La Rue falls on lower profit in H1

De La Rue

12/12/2024 09:04

** Shares of British banknote maker De La Rue  DLAR.L  down 2.3%
at 107 pence
    ** Reports H1 adj operating profit 7.3 mln pounds ($9.32
mln), ahead of guidance of low single digit versus last year's
7.9 mln pounds
    ** Posts H1 rev 141.1 mln pounds versus 161.5 mln pounds
last year
    ** H1 25 Group rev of 145 mln pounds declined by 10% YoY,
with headwinds from a tougher H1 24 comparator in currency and
some cash deliveries that have moved into H2, Deutsche Bank says
in a research note
    ** Reiterates full year guidance for FY25 Group adj
operating profit of mid to high 20 mln pounds
    ** As of last close, stock up ~26.88%, YTD
    
   

($1 = 0.7836 pounds)

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))