Capita Group announces 17% turnover rise in first half and £1.15bn of new contracts

Capita Group has announced an 18% pre-tax profit to £103.8m for the first half of 2007.

For the six months to 30 June 2007 it reported a 17% turnover increase to £985m.

Paul Pindar, Capita Group chief executive, said: “Our businesses across the group have performed well and we have secured a record level of new major contracts in the first six months of the year.”

The parent company to consultant Capita Symonds said that markets had remained active in the first six months, with £1.15bn of major contracts signed compared to £655m in the first half of 2006.

Capita spent £63m on seven acquisitions in the first half of 2007. The group said it will continue its strategy of acquiring small and medium-sized businesses.

The group reported a 48% increase in interim dividend.