4th May 2016 06:31
LONDON (Alliance News) - Defence contractor BAE Systems PLC on Wednesday said trading so far in 2016 has been in line with its expectations.
Ahead of its annual general meeting, taking place in Hampshire on Wednesday, the group said its outlook for 2016 remains unchanged, with underlying earnings per share anticipated to rise by between 5% and 10% against the adjusted 36.6 pence posted for 2015. The underlying result for 2015 of 40.2p was adjusted for a 4.3p tax provision release and 0.7p currency benefit.
"Whilst economic and geo-political conditions remain volatile, we have started the year with good momentum and the business is performing well. In 2016 and beyond, we are well placed to continue to generate attractive returns for shareholders," said BAE Chief Executive Ian King.
BAE will publish interim results, for the six months to the end of June, on July 28.
By Sam Unsted; [email protected]; @SamUAtAlliance
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