StockMarketWire.com - Bookseller and stationer WH Smith (SMWH) saw group profit fall 1% year-on-year in the six months to 28 February 2018 thanks to a lack of new publishing trends over Christmas.

The Travel division which serves airports and train stations reported 5% trading profit growth compared with a 6% decline for the High Street arm. The company has increased the dividend 10% to 16p.

Revenue was flat and down 1% on a like-for-like basis.

Chief executive Stephen Clarke said: 'While there is some uncertainty in the broader economic environment, we have made a good start to the second half of the financial year, increased the interim dividend by 10% and are confident in the outcome for the full year.'




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