QinetiQ Posts Higher H1 Profit

QinetiQ Group PLC QNTQY reported an increase in its first-half pretax profit. QinetiQ's pretax profit for the period rose to 80.0 million pounds, from GBP73.3 million, in the year-earlier period. Its underlying pretax profit climbed to GBP85.8 million from GBP71.2 million, while revenue dropped to GBP685.5 million from GBP739.6 million. QinetiQ's diluted earnings per share rose to 9.8 pence from 9.2 pence, while underlying diluted earnings per share gained to 10.4 pence from 8.6 pence. QinetiQ shares closed at $12.42 yesterday.