The group’s profit increased from £25.1m last year to £30.4m and turnover jumped 25% to £518.9m.
Turnover rose £41m to £291m in Mitie’s building services division and pre-tax profit increased from £12.5m to £14m last year. But margins fell from 5% to 4.8%.
Margins in the group’s support services division also slipped – down from 7.6% in 2001 to 7.2%, whereas the division’s profit increased £3.7m to £16.3m and turnover jumped £62.3m to £227.9m.
Chief executive David Telling said the group was entering into more long-term relationships with clients. He said: “This has brought a degree of stability, better visibility and security of earnings.”
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