Finance

British Banknote Printer De La Rue's half-year profit slips 7.6%

Published by Global Banking & Finance Review

Posted on December 12, 2024

1 min read

· Last updated: January 27, 2026

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De La Rue's Half-Year Profit Falls by 7.6% Amid Challenges

(Reuters) - British banknote printer De La Rue on Thursday posted a 7.6% fall in half-year operating profit, hurt by persisting weakness in its currency business and back-loaded contracts for the year.

The company, which sold its authentication business in October, posted an adjusted operating profit of 7.3 million pounds ($9.3 million) for the six months ended Sept. 30, compared with last year's 7.9 million pounds.

($1 = 0.7828 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Sumana Nandy)

Key Takeaways

  • De La Rue's profit dropped by 7.6% in the first half of the year.
  • Currency business weakness impacted financial results.
  • Back-loaded contracts affected the company's earnings.
  • The company sold its authentication business in October.
  • Adjusted operating profit was 7.3 million pounds.

Frequently Asked Questions

What is the main topic?
The main topic is De La Rue's 7.6% decline in half-year profit due to challenges in its currency business and back-loaded contracts.
What impacted De La Rue's profit?
De La Rue's profit was impacted by persistent weakness in its currency business and back-loaded contracts.
What was De La Rue's adjusted operating profit?
De La Rue's adjusted operating profit for the six months ended September 30 was 7.3 million pounds.

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