LONDON: Compass, the world’s biggest caterer, said Wednesday that first-half net profits sank on pandemic fallout, but forecast a gradual recovery in activity as vaccinations pick up speed.
Profit after tax dived to £100 million ($141 million, 116 million euros) in the six months to the end of March, Compass said in a results statement.
That compared with £586 million in the same part of the prior financial year.
The London-listed firm, whose main rival is Sodexo of France, added that revenues collapsed by almost a third to £8.4 billion.
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