EG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
In its results for the three months to June 30, group EBITDA slipped 6.5% to $355m (£308m) while group revenues jumped 23.7% to $8.3bn (£7.2bn).
In the year-to-date figures for the first half, EBITDA dropped 3.1% to $625m (£542m) and revenues were up 24.4% to $15.2bn (£13.2bn).
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