Sligro: Worst day in 6 years after H1 miss
19/07/2018 08:34
** Shares in Dutch food distributor Sligro SLIGR.AS drop
5.8 pct after H1 results missed estimates urn:newsml:reuters.com:*:nFWN1UF014
** Net profit from continued operations declined 1 million
euros to 25 million euros in first-half urn:newsml:reuters.com:*:nL8N1UF14Z
** KBC securities believes profitability in Food Service
business was "softer than expected"
** However, brokerage says "we believe this is only a
snapshot of the company’s performance in a transition year and
thus does not fully reflect the company’s potential"
** Stock set for worst day in 6 yrs
((Camille.raynaud.thomsonreuters.com@reuters.net))