StockMarketWire.com - Baggage handling group John Menzies posted a 35% rise in annual profit after its acquisition of fuel-management provider ASIG boosted revenue and off-charges fell.

Pre-tax profit rose to £26.7m amid a 21% increase in revenue to £2.52bn.

The company declared a final dividend of 14.5p per share, bringing total payouts for the year to 20.5p, up 11%.

'We continue to make good progress on our separation plans and a sale process for Menzies Distribution is now underway,' chairman Dermot F. Smurfit said.

'The board is focused on creating a global pure play aviation services business and is excited by the opportunities that presents.'






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