City File: BET to report solid interim profits

Saturday 23 October 1993 23:02 BST

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THE industrial services group BET is expected to report solid interim profits tomorrow. But any improvement may arise only from the absence of losses at discontinued operations and a lower interest charge. BET is in the middle of a big divestment programme and has sold a hatful of subsidiaries, including Rediffusion Music/Reditune for pounds 18m and Hireplant for pounds 10.8m. The company's brokers, BZW, expect a reduced interim dividend of 1p but a near 5 per cent rise for the full-year payout from 3.25p to 3.4p.

BZW says pricing and margins remain under presure in most areas because of overcapacity and weak demand in some areas. Only a hold.

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City File: BET to report solid interim profits

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