G4S H1 Pre-tax Profit Down, Revenue Edges Up - Quick Facts

(RTTNews) - Private security firm G4S Plc (GFS.L, GFSZY.PK) Wednesday said its first-half profit before tax declined to 70 million pounds from the previous year's 80 million pounds. The results are on a continuing operations basis.

Attributable earnings declined to 35 million pounds from 78 million pounds.

Earnings per share dropped to 2.3 pence from 5.0 pence in the previous year. Underlying earnings per share was 6.1 pence, while it totaled 5.6 pence in the prior year.

Revenue edged up to 3.409 billion pounds from 3.376 billion pounds in the prior year.

The board has declared a 5 percent increase in interim dividend to 3.59 pence per share.

G4S CEO Ashley Almanza said, "We continue to make good progress with our strategic plans, investing in growth and productivity programmes which underpinned strong growth in our pipeline and a 10.5% increase in underlying earnings."

Almanza added that the company won new contracts with a total value of 1.4 billion pounds and sales, new contract mobilization and on-going productivity programs provided increasingly good momentum through the first half. This is expected to deliver further improvements in the group's performance in the second half.