Developed markets continue to recover, says G4S

International security solutions firm G4S said profits in the first three months of 2012 were, as expected, at similar levels to the corresponding period of last year.

International security solutions firm G4S said profits in the first three months of 2012 were, as expected, at similar levels to the corresponding period of last year.

Overall organic year-on-year revenue growth was 7%, or 6% excluding the Olympic Games contract. That represents an improvement on the 4.5% organic growth rate the group achieved in 2011. Organic growth in developing markets was 11% in the first quarter of 2012 while for developed markets it was 4%.

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