June 17, 2020 / 6:40 AM / 21 days ago

De la Rue floats 100 mln share issue, says to close Gateshead printing ops

June 17 (Reuters) - De La Rue said on Wednesday it was planning to raise around 100 million pounds ($125.74 million) in new equity and would cut jobs at its Gateshead site after the loss of its contract for printing UK passports post Brexit.

The company, which plans to close its banknote and UK passport printing operations at the Gateshead site, reported a 61% drop in adjusted operating profit to 23.7 million pounds for the year ended March 30.

Revenue fell 17% to 426.7 million pounds. ($1 = 0.7953 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D’Silva)

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