Support services group confident of further growth as interim profit rises to £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 “competitive” market across all its sectors.
Pre-tax profit at the company rose by 7.8% to £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 £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 £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.
