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(Alliance News) - De La Rue PLC's revenue and profit for the first half met internal expectations, the bank note printer said in a short update on Thursday.
The Basingstoke based firm said that in the six months ended September 26, revenue and adjusted operating profit was in line with board forecasts.
"Net debt at the half year was lower than expected due mainly to the phasing of capital expenditure and positive working capital movements. Net debt for the full year is forecast to be in line with the board's expectations," De La Rue said.
In the first half of financial 2019, adjusted operating profit came in at GBP2.2 million on revenue of GBP232.3 million.
Shares in the company were 5.7% lower at 140.00 pence each in London on Thursday morning.
By Eric Cunha; ericcunha@alliancenews.com
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