Babcock down despite big profits growth

Babcock, the engineering services company has seen a slight drop in its share price today following the release of its results for the six months to the end of September.

Babcock, the engineering services company has seen a slight drop in its share price today following the release of its results for the six months to the end of September.

Revenues were up 30% on the same period of 2010 at £1,588m and profit before tax was up 46% at £132.8m. Basic earnings per share hit 29.79p, up 21% and net debt was reduced to £678.8m.

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