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Melrose full-year adjusted pretax profit nearly triples

Published 07/03/2019, 07:35
Updated 07/03/2019, 07:40
© Reuters.  Melrose full-year adjusted pretax profit nearly triples

© Reuters. Melrose full-year adjusted pretax profit nearly triples

(Reuters) - Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN (LON:GKN).

The company, which specialises in buying manufacturing businesses, on Thursday reported a 172 percent rise in adjusted pretax profit to 703 million pounds for the year ended Dec. 31, ahead of the company's expectations.

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