Support services group confident of further growth as interim profit rises to 拢23.4m.
Support services group Mitie today said that it had managed to achieve growth in the first six months of the year, despite a 鈥渃ompetitive鈥� market across all its sectors.
Pre-tax profit at the company rose by 7.8% to 拢23.4m in the six months to 30 September. The interim dividend rose almost 19% to 1.9p a share and turnover grew 14.5% to 拢449.2m in the period.
Chief executive Ian Stewart said that because Mitie still had a low market share, there was good opportunity for further growth. He said that the board intended to make a one-off contribution of 拢7.75m towards its pension deficit in the financial year.
The company, which works in sectors including PFI, property services, fit-out, cleaning, catering, pest control and security, said that it had promoted Ruby McGregor-Smith from finance director to chief operating officer.
Shares in Mitie fell 3% to 169.75p when the results were announced this morning.
