Contract wins help Mitie profits leap 9%

Mitie: boosted by a string of new contract wins, including Olympic Park gigs featuring Bruce Springsteen. Picture: Getty

Mitie: boosted by a string of new contract wins, including Olympic Park gigs featuring Bruce Springsteen. Picture: Getty

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MITIE, the UK outsourcing group, posted a 9 per cent rise in halftime profits yesterday, boosted by a string of new contract wins, including Olympic Park gigs featuring Justin Timberlake and Bruce Springsteen, pictured.

The company, whose 70,000 headcount includes 8,000 in Scotland for work ranging from facilities management to creative events, said it also won a three-year £38 million contract to provide cleaning for 1,600 Mitchells & Butlers pubs.

Mitie’s pre-tax profits climbed to £55.3m from £50.5m, as revenues grew 10.5 per cent to £1.04 billion. The interim dividend rises 6.5 per cent to 4.9p from 4.6p last time.

The company’s clients in Scotland include Standard Life and Royal Bank of Scotland.

Ruby McGregor-Smith, chief executive, hailed the “strong operational and financial performance”. She said: “We continue to identify new opportunities with both existing and new clients in all of our key markets.”

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