18 March 2021 - final results
It is pleasing to see that Capita, one of our shares of the year, has produced results that have helped to justify the rise of 28% in the share price since our tip in January. Although adjusted revenues for the year to 31 December 2020 were down 9% on the previous year at £3.18bn, and adjusted pre-tax profits fell 67% to £65m, net debt fell by more than expected and an optimistic statement by the company has helped to restore some confidence to investors. Last year was obviously very challenging due to the . . .
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