Defence firm QinetiQ said it expects to perform in line with its expectations for the year, despite challenging markets, as it posted a 16 per cent increase in profit.
Underlying operating profit rose to £95.3m for the half year ended September 30th 2012 copmared to £81.9m a year earlier. Revenue for the period fell 8% on an organic basis to £685.5m after continuing contract delays in US Services.
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