(Reuters) - Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN (LON:GKN).
The company, which specialises in buying manufacturing businesses, on Thursday reported a 172 percent rise in adjusted pretax profit to 703 million pounds for the year ended Dec. 31, ahead of the company's expectations.