John Menzies profits flying high
Underlying profit before tax rose 1 per cent to £25.4 million, but the group said the rise would have been greater on a stable currency basis.
Group revenues were down around 2 per cent to £990m, as lower magazine sales affected its distribution arm.
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Hide AdThe firm said its aviation division continued to grow, with contract wins from global carriers such as British Airways and operations beginning in two new countries.
Finance director Paul Dollman said that, without currency impacts, profit growth would have been in the firm’s 10 to 15 per cent target range.
He added: “It’s all being driven by contract wins.”