Menzies Aviation more than doubled operating profits in the first half as cargo volumes
returned following the end of the global recession.
On the ground-handling side Menzies won 44 contracts, including a £70m five-year deal with Lufthansa/bmi covering more than 90 flights at Heathrow, which starts in October. Underlying group profits rose 46 per cent to £19.3m on revenues 12 per cent higher.
In its news distribution – which is the more traditional side of the company – Menzies said it was continuing to gain from the exit from the industry of one of its major rivals Dawson last year. However, newspapers sales fell. It received a one-off boost from the distribution of World Cup stickers.