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Mitie sees flat to slightly lower first-half profit

Published 26/09/2018, 07:26
© Reuters.  Mitie sees flat to slightly lower first-half profit

(Reuters) - Mitie (L:MTO) said it expected operating profit for the first half of the year to be flat to slightly down which would be in-line with its forecasts, as the outsourcing group invests to boost revenue.

The company, which provides engineering, security and cleaning services to customers such as Sainsbury's (L:SBRY), Vodafone (L:VOD) and Rolls-Royce (L:RR), said revenue was expected to be 2 to 3 percent higher for the six months to Sept. 30. It said its restructuring programme was progressing according to plan.

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