Interserve profit up on support services demand

Business services and building firm Interserve posted a 10 per cent rise in first-half pre-tax profit, aided by strong demand for its support services.
By The Newsroom
Published 10th Aug 2011, 10:01 BST

The company, which built Beverley Community Hospital and Scarborough General Hospital, said it was maintaining its outlook for 2011.

January-June pre-tax profit was £30.1m, compared with £27.3m last year. Revenue fell marginally to £928m.

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Its support services unit, which provides a broad range of outsourced services to the public and private sectors mainly in the UK, grew profits by 76 per cent year-on-year as it continued to build on the turnaround began in the second half.

In April, British business services group Mouchel had rebuffed a 135 pence per share offer from Interserve, saying it undervalued the business, and later terminated all talks related to a sale of the business.