Aviation boosts John Menzies

JOHN Menzies yesterday posted a full-year pre-tax profit that topped expectations, boosted by contract wins in its airline ground handling business.

John Menzies, which also distributes newspapers in the UK, said it made a positive start to the year and was trading in line with its expectations.

Its Menzies Aviation unit reported a 31 per cent jump in operating profit, making it the top profit contributor for the year.

January-December underlying pretax profit rose 25 per cent to £56.4m. Turnover rose marginally to £2.01bn.