Just Eat delivers interim profit; CFO quits

(Sharecast News) - Meal delivery company Just Eat Takeaway.com swung to a profit at the half-year and said chief financial officer Brent Wissink would step down next May "to pursue other opportunities". Just Eat posted adjusted earnings before interest tax, depreciation and amortisation of €143m, against a loss of €134m.

"Ongoing focus on efficiency in Delivery operations as well as general costs saving initiatives were the main reasons for this increase," it said.

Total order numbers fell 12% to 450 million in the six months to June period, from 509 million a year earlier as cash-strapped consumers cut back on discretionary spending.

Reporting by Frank Prenesti for Sharecast.com