Sodexo H1 Net Profit Up 18%

Sodexo SA SDXAY reported an 18% surge in its first half net profit. Sodexo's revenue in the period climbed 9.7% y/y to EUR9.07 billion from EUR8.27 billion. Its net profit climbed 18% y/y to EUR297 million, from EUR252 million. Sodexo's operating profit surged 15% at constant exchange rates to EUR559 million versus EUR488 million. Sodexo shares closed at $79.40 yesterday.