SHARES in Mitie, the facilities management company, have increased by nearly four per cent after it lifted underlying operating profit by 0.9 per cent to £128.6 million.
Profits edged up during a year which saw Mitie retain and extend deal to provide services to Edinburgh-based Standard Life Investments.
Mitie, which employs more than 7,000 staff in Scotland, hiked revenue by 5.8 per cent to £2.27 billion in the year ended March 31.
Chief executive Ruby McGregor-Smith said: "Mitie has made good progress this year. We have re-positioned the business and lowered our risk profile.
"We see considerable opportunities across our markets, to provide clients with higher quality, innovative services that save them money.
Analyst Investec said the results were "reassuring and slightly ahead of both consensus and our recently revised forecasts." It reiterated its buy rating for the stock.
Shares in Mitie closed up 11p at 298.7p.
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