British aerospace supplier Meggitt said on Tuesday it would not pay an interim dividend to preserve cash to weather the coronavirus crisis, after reporting a 37% fall in firsthalf profit as the aviation industry came to a grinding halt.
British aerospace supplier Meggitt said on Tuesday it would not pay an interim dividend to preserve cash to weather the coronavirus crisis, after reporting a 37% fall in first-half profit as the aviation industry came to a grinding halt.
Meggitt, which supplies aircraft parts such as braking systems, sensors and fuel systems, and provides follow-on services, said underlying operating profit fell to 102 million pounds ($134.19 million) in the six months to June, from 161 million pounds a year earlier.
($1 = 0.7601 pounds)
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