Building support services group Mitie has posted a 21% jump in pre-tax profit, from £58.2m to £70.6m, for the year ended 31 March 2008.
Despite the credit crunch, turnover rose 14.5%, from £1.23bn to £1.4bn over the year.
Ruby McGregor-Smith, Mitie’s chief executive, said: “We’re confident in our ability to make progress in this economic climate and there are positive trading conditions across all divisions.”
The forward order book stands at £4.4bn (2007: £4.1bn) and the group said it would seek further acquisitions after three last year.
Panmure Gordon analyst Andy Brown called the figures “a good set of results”. He said: “A growing order book reflects the opportunities going forward. Cost-aware companies are turning to outsourcing to gain efficiencies, with Mitie benefiting from this process.”
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