UK's Mobico gains on H1 profit jump

Mobico

21/08/2024 08:28

** Mobico Group Plc  MCG.L  rises 6.8% to 62.35p, a
three-month high
    ** The British transport company posts 28.1% jump in H1
adjusted operating profit
    ** Co starts sale process for its North American school bus
business and will launch other debt reduction initiatives this
year
   ** MCG retains annual profit forecast of 185 mln pounds-205
mln pounds
    ** Stock top pct gainer on FTSE Small Cap  .FTSC  index 
    ** MCG down ~29% YTD

($1 = 0.7680 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))