4 August 2023 - interim results

The leading outsourcing group has announced its interim results for the six month period to 30 June and these have shown that adjusted revenue has increased by 6% to £1.4bn, whilst adjusted pre-tax profits have risen 34% to £33.1m.  Earnings per share on the same basis fell by 16% to 3.34p with the decline due to the fact that this year saw a charge to corporation tax whilst last year benefitted from a tax credit.  As usual there is no dividend.  It was disappointing to see that net debt increased during . . .

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