July 9, 2019 / 6:37 AM / 3 months ago

RPT-Eddie Stobart sees H1 operating profit at lower end of expectations

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July 9 (Reuters) - Eddie Stobart Logistics said on Tuesday it expected first-half adjusted operating earnings to be at the lower end of its expectations due to a slowdown in some businesses and “a problematic contract”.

The company, which provides transportation and warehousing facilities to construction companies, retailers and industrials, said the shortfall was partly due to slower-than-expected productivity in Contract Logistics and Warehousing units, and a short-term adverse effect from its exit of a contract. (Reporting by Yadarisa Shabong; editing by Gopakumar Warrier)

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