Consultant鈥檚 property and infrastructure business helps boost group to 拢2bn revenue

BBC Wales - Foster + partners

Consultant Capita鈥檚 property and infrastructure business has nearly doubled its profit in the first half of the year to 拢10.6m.

In a statement to the City this morning, Capita said its property and infrastructure business had posted an underlying pre-tax profit of 拢10.1m in the six months to 30 June 2014, up 46% from 拢6.9m over the same period in 2013.

The underlying profit figures did not include finance costs, amortisation or aquisition costs which were spread across the group.

The property and infrastructure business also reported a 27% hike in revenue to 拢160m in the first six months of 2014, up from 拢141m in the first six months of 2013.

Capita鈥檚 professional services business also performed well reporting an underlying pre-tax profit of 拢63m in the first half of 2014, up from 拢60m over the same period last year.

Professional services revenue also rose to 拢335m - up from 拢313m over the same period last year.

The results in the professional services and the property and infrastructure businesses were a significant boost to the results of the overall Capita Group, which reported an underlying pre-tax profit of 拢238m in the six months to 30 June 2014, up from 拢205m in the six months to 30 June 2013.

The group also reported a rise in revenue to 拢2bn in the first half of 2014, up from 拢1.8bn in the first half of 2013.

The strong financial results follow Capita鈥檚 appointment earlier this month to project manage the delivery of the BBC鈥檚 new headquarters in Cardiff (pictured) designed by architect Foster + Partners.

Andy Parker, chief executive of Capita, said the results 鈥渄emonstrated the strength of Capita鈥檚 sales offering and operational delivery and the health of the UK customer and business process management market鈥�.

He added: 鈥淲e have had an excellent sales period securing 拢1.3bn of contracts and we are continuing to see a high level of activity across our markets, particularly in the private sector, providing a strong future platform for growth.鈥�

One of the firm鈥檚 biggest wins in the period was the 拢400m job to act as the private sector partner for the Ministry of Defence鈥檚 estate arm, which will see it manage over 拢10bn of spending on the Ministry of Defence鈥檚 estate.

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