Wizz Air Holdings WIZZ Profit for the first quarter to the 30th June fell 14% from 58.1m. to €50.0 million, compared to 2017 reflecting the timing of Easter and the effect of higher than expected disruption costs. Passengers carried rose by 19.7% and revenue by17.9% but profit margins were down by 3.3ppts from 12.4 to 9. Disruptions caused mainly by European air traffic control,were at an unprecedented levels and led to a 426% increase in cancellations. Passenger delay and compensation costs incurred by the Company, as a result, increased by 203% to €9.1m
Vodafone Group VOD Revenue fo the first quarter to the 3oth June fell by 4.9% due to foreign exchange headwings and the the adoption of IFRS 15.India was the groups worst performer with a fall of 22.3% due to intense competition. On the commercial front momentum was maintained as mobile data traffic grew by 57%. Italy and Spain also suffered from increased competition but the UK saw some recovery and there were gains in broadband. Operating costs were reduced for the third year running.
Croda International CRDA delivered a strong performance in the six months to the 30th June with record profit before tax and basic earnings per share. The interim dividend to be raised by 8.6% from 35 to 38p. per share.. All 3 business did well with excellent sales growth of 9.3% at constant currency in Personal Care. In Life Sciences the performance was resilient with sales up 2.3%. Profit growth in Performance Technologies is described as impressive with operating profit up 15.2% on sales up 1.7%, at constant currency rates. On an adjusted basis, basic earnings per share rose by 12% and profit before tax by 7.7%. Sales increased by 3.6% after the impact of stronger sterling.
Informa INF continued to deliver a good trading performance with strong growth continuing during the half year to the 30th June. The interim dividend is to be increased by 6%.with the company claiming to be firmly on track for another year of growth in revenue, adjusted operating profit, adjusted earnings, cashflow and dividend.