Melrose Industries Plc Reports Strong Results For The Six Months Ended 30 June 2019

  • Sep 05, 2019 BST
  • Team Kalkine

Melrose Industries Plc (LSE: MRO), has reported strong results for the six months ended 30 June 2019, the adjusted revenues from continuing operations surged to £6,002 million as compared to £2,971 million for the same period in 2018. The adjusted operating profit almost doubled to £539 million from £284 million in H1 2018. Excluding the uplift from loss-making contracts, the adjusted operating profit was £494 million. The company has made significant investment into class leading eDrive technology.

On 5th September 2019, at the time of writing, GMT 08:05 AM, MRO shares were trading at GBX 196.05, up by 10.55 points or 5.69% against the previous day closing price.

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