Daily NewsView All News
Outsourcing firm Capita (CPI:LSE) posted record sales last year with revenue rising +14% to £3,352 million, the firm said on Thursday. Revenue grew +3% organically with the company securing contract wins worth £4.0 billion, including a recruitment partnering contract with the armed forces.
In 2012, gross profit was up +13% to £940.8 million. Operating profit in the year rose by +10% to £471.7 million while profit after tax fell -1% to £236.0 million.
“2012 was a year of strong sales and operational performance. We maintained good profit performance, returned to organic growth and delivered improved cash generation. This has positioned us well for 2013,” the firm said.
In early trading, the company’s share price fell -1% to 839 pence, up +12% from a year ago. Based on its stock price, the firm has a market value of £5.56 billion.
Capita provides business process outsourcing solutions and professional support services to organisations across the public and private sectors.