Cobham profit soars
LONDON (Reuters) - Aerospace company Cobham (COB.L) on Tuesday posted a 9.1 percent rise in underlying pretax profit for the six months to June 30 citing better operational efficiencies.
Profit before tax rose to 86.1 million pounds, Cobham said in a statement.
Revenues of 493.8 million pounds were down 4.5 percent, Cobham said.
Cobham proposed an interim dividend of 1.22 pence, up 10 percent from the same period a year earlier, and said acquisitions remained a key element of its growth plans.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.