LONDON (dpa-AFX) - Melrose Industries (MRO.L) reported a pretax loss of 685 million pounds for the six months ended 30 June 2020 compared to a loss of 109 million pounds, prior year. Loss per share from continuing operations was 11.5 pence compared to a loss of 2.8 pence. Adjusted loss before tax was 40 million pounds compared to profit of 431 million pounds. Adjusted loss per share was 0.7 pence compared to profit of 6.8 pence.
First half revenue from continuing operations declined to 4.12 billion pounds from 5.57 billion pounds, last year. Adjusted revenue was 4.36 billion pounds compared to 5.88 billion pounds.
The Group noted that its trading over the summer months has been at the higher end of the Board's expectations, particularly in automotive and key Nortek markets.
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