LONDON, Jan 11 (Reuters) - British engineering group Cobham said it made 245 million pounds ($298 million) intrading profit in 2016, at least 10 million pounds short of itstarget, and as a result of poorer than expected trading wouldscrap its final dividend.
The company said its new management team was starting athorough closing balance sheet review, including major contractsand asset carrying values, but that the unaudited result was notlikely to increase in its final numbers.
($1 = 0.8230 pounds) (Reporting by Paul Sandle; editing by Kate Holton)