Reuters logo
Engineering firm IMI sees drop in 2017 first-half organic revenue
February 24, 2017 / 8:19 AM / 7 months ago

Engineering firm IMI sees drop in 2017 first-half organic revenue

(Reuters) - British engineering firm IMI Plc (IMI.L) said it expected organic revenue for the first half of 2017 to reflect a similar percentage reduction to the first half of the previous year, due to difficult market conditions.

The company had reported a 5 percent drop in organic revenue in the first half of 2016.

IMI’s reported group revenue rose 6 percent rise to 1.65 billion pounds for the year ended Dec. 31. However, excluding favourable exchange rate movements and disposals, group revenues on an organic basis fell 5 percent.

Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below