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."
-
-
Pension withdrawals on the rise, HMRC data reveals
Pension withdrawal data has led to some raising concerns over savers ‘raiding’ their pensions unsustainably.
-
ONS: UK economy recovered from pandemic faster than previously thought
Revisions from the ONS showed the UK economy has grown since the pandemic, while the latest data showed GDP grew in the second quarter of 2023.
