Outsourcer Mitie topped £1 billion in half-year sales for the first time after starting its largest- ever contract with state-backed banking group Lloyds.
Outsourcer Mitie topped £1 billion in half-year sales for the first time after starting its largest- ever contract with state-backed banking group Lloyds.
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The Bristol-based company, which has a 63,000-strong workforce providing services from office cleaning to airport baggage screening, expects growth will accelerate further in the current half- year as cash-strapped companies continue to outsource services.
Despite the 5.6% rise in revenues to £1.03bn for the six months to September 30, Mitie's pre-tax profits fell 13% to £37.7 million after it incurred £4.8m in restructuring and redundancy costs, including through scaling back activities in some divisions.
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