MITIE, the facilities management company, has seen revenues grow 5.8% in the six months to the end of September, compared to the equivalent period of 2010.
Revenue for the half year hit £971.7m.
The firm, which provides services like waste management, security and energy efficiency certification for clients' buildings, also achieved profit before tax of £43.3m, a rise of 17.3%. On adding "other items", however, the profit figure is not quite as spectacular, growing at just 0.8%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Significant contract wins in the period include deals with the Ministry of Justice, Essex County Council and Diageo.
Organic order book development has risen 17.6% to £8bn
Commenting on the results, MITIE's chief executive Ruby McGregor-Smith said
"The first half of this year has seen us deliver a strong set of financial results. We have been awarded a number of significant contracts which have enhanced our business....our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services."
She added that the firm was "mindful of the challenging economic environment."
-
The top stocks in the FTSE 100After a year of strong returns for the UK’s flagship index, which FTSE 100 stocks have posted the best performance in 2024?
-
A junior ISA could turn your child’s pocket money into thousands of poundsPersuading your child to put their pocket money in a junior ISA might be difficult, but the pennies could quickly grow into pounds – and teach them a valuable lesson about money
