Cobham Posts Decline In H1 Pretax Profit

Cobham PLC CBHMY reported a drop in its pretax profit for the first half. Its quarterly total revenue in the period fell to GBP843 million, versus GBP892 million, in the year-ago period. Cobham's operating profit dropped to GBP106.4 million, from GBP113.4 million. Its profit before taxation declined to GBP90.2 million, from GBP99.4 million, while diluted EPS rose to 7.27 pence, from 6.93 pence.