Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
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De La Rue's half-year profit fell by 7.6% due to currency business challenges and back-loaded contracts, with an adjusted profit of 7.3 million pounds.
(Reuters) - British banknote printer De La Rue on Thursday posted a 7.6% fall in half-year operating profit, hurt by persisting weakness in its currency business and back-loaded contracts for the year.
The company, which sold its authentication business in October, posted an adjusted operating profit of 7.3 million pounds ($9.3 million) for the six months ended Sept. 30, compared with last year's 7.9 million pounds.
($1 = 0.7828 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Sumana Nandy)
The main topic is De La Rue's 7.6% decline in half-year profit due to challenges in its currency business and back-loaded contracts.
De La Rue's profit was impacted by persistent weakness in its currency business and back-loaded contracts.
De La Rue's adjusted operating profit for the six months ended September 30 was 7.3 million pounds.
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