John Menzies temporarily suspends dividend

(Reuters) – Aviation services group John Menzies announced on Tuesday that it would temporarily suspend its dividend, days after warning that the coronavirus outbreak would hurt its 2020 profit.

The company’s pre-tax profit for the full year to December 2019 fell almost 20% to £17.3 million.

John Menzies said last month that the company would suffer a loss of between £6 million and £9 million due to the coronavirus outbreak, assuming the impact of the virus subsided towards the end of the second quarter.

(Reporting by Jasmine IS in Bengaluru; Editing by Aditya Soni)