Swedish cash handler Loomis Q2 profit below expectations

July 31, 2015 6:18 AM

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STOCKHOLM, July 31 Swedish cash handling firm Loomis reported second-quarter core profit and organic growth below market expectations on Friday and said it was optimistic about potential acquisitions.

Loomis' earnings before interest, tax and amortisation (EBITA), adjusted for items affecting comparability, rose to 397 million Swedish crowns ($46 million) from 333 million a year ago but were below forecasts of 415 million.

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