(Reuters) - Aggreko (AGGK.L), the world’s largest temporary power provider, said its results were hurt by lower pricing on its Argentina contracts as it reported a 10 percent fall in first-half profit.
The British firm, whose kit powers major events and covers electricity shortfalls, said pretax profit before exceptional items fell to 63 million pounds ($83 million) in the six months ended June 30, from 71 million pounds a year ago.
It said the result met market expectations.
“I am confident that the changes we have made in the last two years are delivering results, with our first-half performance supporting our view that, Argentina aside, we will grow this year,” Chief Executive Chris Weston said.
Reporting by Esha Vaish and Rahul B in Bengaluru, editing by Louise Heavens