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Berendsen First-Half Net Is Flat on Restructuring Costs

Aug. 26 (Bloomberg) -- Berendsen Plc, a U.K. provider of textile cleaning and supply services, said first-half profit was little changed after taking charges relating to the restructuring of its German Healthcare and Irish linen units.

Net income for the six months to June 30 was broadly unchanged at 21.8 million pounds ($35.6 million) compared with 21.1 million pounds a year earlier, the London-based company said today in a statement. Revenue gained 2 percent to 495.9 million pounds.

“We’re implementing changes in a slow, steady, measured fashion and so far there have been no great surprises,” Chief Executive Officer Peter Ventress said today in a telephone interview. “Making change is never easy, but I think our management team around the company is on top of the issues and is managing that change process effectively.”

Berendsen raised its half-year dividend 14 percent to 7.4 pence. The company’s shares fell 3.7 percent to close at 489.2 pence in London trading.

To contact the reporter on this story: Ben Edwards in London at

To contact the editor responsible for this story: Colin Keatinge at

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