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Compass proposes $1.3 bln special dividend after strong profit growth
May 10, 2017 / 6:29 AM / 5 months ago

Compass proposes $1.3 bln special dividend after strong profit growth

May 10 (Reuters) - Compass Group Plc, the world’s biggest catering firm, proposed a 1 billion-pound ($1.3 billion) special dividend, after reporting higher first-half profit on the back of strong trading in North America and improving trends in Europe.

Compass, which serves about 5 billion meals each year, said underlying operating profit grew 5.2 percent at constant currency to 894 million pounds in the six months ended March 31.

Organic revenue rose 3.6 percent at constant currency to 11.6 billion pounds. This marks an acceleration in revenue growth from the first quarter, when comparable revenue grew by 2.8 percent. ($1 = 0.7717 pounds) (Reporting by Esha Vaish in Bengaluru. Editing by Jane Merriman)

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