French company Sodexo (OTC:
SDXAY) reported a 16% drop in its net profit for the fiscal year ended August 31.
Sodexo's net profit for the year declined to 439 million euros ($593 million), versus EUR525 million, in the year-ago period.
Its overall revenue climbed to EUR18.40 billion from EUR18.24 billion, while operating profit fell to EUR953 million from EUR958 million.
Sodexo shares closed at $97.75 yesterday.
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