28th Aug 2013 06:30
CRAWLEY (Alliance News) - UK-based private security firm G4S Plc (GFS.L, GFSZY.PK) reported that loss attributable to equity holders of the parent for the first-half of 2013 was 206 million pounds, compared to profit of 22 million pounds in the year ago period. Loss per share for the period was 14.7 pence, compared to profit per share of 1.6 pence in the year ago period.
Underlying earnings per share was 6.6 pence compared to 7.5 pence in the prior period. 2012 underlying earnings per share has been restated to include pensions interest under the revised employee benefits accounting standard IAS19.
Turnover for the period grew to 3.648 billion pounds from 3.449 billion pounds in the same period last year.
The company said its focus in 2013 is to invest in topline growth and operational capacity and to begin restructuring a number of its businesses. The company noted that it expects 2013 to be a year of consolidation and the actions it is taking to deliver benefits from 2014 onwards. In the medium term the company expects the group to start to deliver attractive revenue growth and it expects that operational actions across a wide range of areas will provide the opportunity to improve margins over time.
The company said its board has declared an interim dividend of 3.42 pence per share, unchanged from the prior period. The dividend will be paid on 18 October 2013 to shareholders on the register on 13 September 2013.
Copyright RTT News/dpa-AFX
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