6 March 2024 - final results
The leading outsourcing group has announced its 2023 results and these have proved disappointing for investors with the shares falling almost 20% this morning to 16.5p. The results saw adjusted revenues rise by just over 1% to £2.6bn and adjusted pre-tax profits rise by 14% to £56.5m.. Earnings per share on the same basis fell by 35% to 1.7p due to the fact that 2023 saw a tax charge whereas 2022 benefited from a tax credit. There is no dividend. Net debt excluding lease finance increased to £182.1m from . . .
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