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John Menzies hurt by aviation unit's start-up costs

ft.com
21-Aug-2008
        
Story Timeline:  93 days

John Menzies, the newspaper distributor and airport services group, saw profits drop 26 per cent for the half year after it incurred high start-up costs while expanding its aviation division. Pre-tax profits fell from £15.3m to £11.3m in the six months to June 28, largely due to the cost of setting up new businesses as the group moved into South Africa, Scandinavia... [read full story]                    

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Latest article on this story:

Menzies confident aviation arm set for takeoff despite profits slump

 scotsman.com 22-Aug-2008
First article on this story:

John Menzies sees revenues fly up 10%

 scotsman.com 21-Aug-2008
Selected publications with coverage of this story:
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Menzies confident aviation arm set for takeoff despite profits slump

scotsman.com
22-Aug-2008
        

Published Date: 22 August 2008 PROFITS at John Menzies plummeted by more than a fifth this year as the slowing world economy took its toll on the company's core business. Falling cargo and passenger volumes in the US and Europe...

John Menzies' profits slide by 26% on expansion costs

timesonline.co.uk
21-Aug-2008
        

John Menzies, the aviation services to news distribution group, today reported a 26 per cent fall in first-half profits as it shouldered £3 million of start-up costs to further expand its fast-growing ground-handling operation...

                   

John Menzies sees revenues fly up 10%

scotsman.com
21-Aug-2008
        

Published Date: 21 August 2008 JOHN Menzies, the aviation services and distribution group, said today that revenues in the first half of the year were ten per cent ahead of last year. The Edinburgh-based firm saw revenues grow...

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