Security firm G4S has reported a pre-tax profit of £85m for the six months to the end of June, compared with a loss of £94m a year earlier.
The scandal hit firm said it benefitted from strong demand in emerging markets and a return to growth in North America.
But chief executive Ashley Almanza, said there remains "much to be done" to restore performance at the firm.
Revenue grew 4.1% to £3.37bn compared with £3.23bn a year earlier.
G4S also sold six businesses and closed another 15 smaller firms as part of a review of its portfolio of businesses.
Operating profit for the first half rose 6% to £185m from £174m the year before.
That beat City forecasts for an operating profit of £177m.
In April, G4S was allowed to bid for government business again after it was barred from bidding for new contracts in a row about overcharging.
Security firm G4S back in profit
Put the internet to work for you.
0 comments:
Post a Comment