29th Jul 2015 06:50
LONDON (Alliance News) - Capita PLC on Wednesday said its pretax profit fell in the first half of 2015 despite a rise in revenue, as the group said it has won more contracts in the period and hiked its interim dividend.
The FTSE 100-listed outsourcing company said its pretax profit in the half to the end of June was GBP146.1 million, down from GBP152.3 million a year earlier, despite revenue rising to GBP2.29 billion from GBP2.07 billion.
The group said won GBP1.6 billion in major contracts in the first half, up from GBP1.3 billion a year earlier, including major contracts in the health and sciences sectors.
It will pay an interim dividend of 10.5 pence, up from 9.6 pence a year earlier.
"Capita has had a productive first half year, announcing significant contract wins in the health and science sectors and our largest ever acquisition, avocis in Northern Europe, all of which will contribute substantially to growth going forward," said Andy Parker, Capita's chief executive.
"We continue to expect to deliver low double-digit revenue growth in 2015, with a slight increase in organic growth in the second half of the year, following the delayed start of some new contracts. We expect organic growth to accelerate in 2016, supported by the conversion of our bid pipeline," Parker said.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Capita