Mitie profit rises as order book swells
British outsourcing firm Mitie posted an 8.9 per cent rise in full year profit and said it was upbeat about growth prospects in the coming year as governments and businesses seek to cut costs and secure energy supply.
Mitie, which provides catering, cleaning and maintenance services for clients like Vodafone, Tesco, and the British government, said it had increased its pre-tax profits to £94.5m for the year to March.
The company’s order book grew 26 per cent to £8.6bn while revenues jumped 5.9 per cent to just over £2bn.