"Our operating profit performance in the first half reflects this Covid-19 impact as well as disposals, the impact of government insourcing of Magnox and Dounreay, and weak trading in civil aviation," he said.
"In the coming months, we will be reviewing our strategic priorities, execution and delivery. I look forward to reporting back on this in May. In the meantime, we remain focused on delivering for our customers, employees and shareholders and continue to look to the future with confidence."
Babcock International did not provide financial guidance for this year due to ongoing uncertainty over the impact of the pandemic on its markets, including government and customer responses.
Babcock International (BAB.UK) stock fell by more than 8% at the beginning of the session, but the sellers did not manage to uphold downward momentum and price returned above the SMA 200 (red line) and upward trend line. If buyers will manage to regain full control on the market then upward impulse towards resistance at 3.76 could be launched. On the other hand, if the decline deepens, the closest support lies at 2.80 level. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
