News Column

Compass gives back £1bn to shareholders

May 15, 2014

JOSEPH MILLIS



COMPASS, the world's biggest catering firm, announced yesterday that it would return £1bn to shareholders through a special dividend, after strong business gains in North America helped push firsthalf profits up 5.7 per cent.


The UK company said that adjusted pre-tax profit for the six months to 31 March rose to £608m.


On top of the £1bn payout, which took returns to shareholders since 2006 to £6bn, Compass also raised its interim dividend by 10 per cent to 8.8p per share.


Chief executive Richard Cousins said its full-year expectations remained unchanged and that he was "positive about the opportunities for further revenue and margin progression".


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Source: City A.M. (UK)


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