MITIE to focus on public sector deals
Outsourcing specialist MITIE has announced a 12 per cent jump in profits as it steps up efforts to secure more contracts from public sector clients.
The Bristol-based company is focusing "additional resources and expertise" on areas such as justice, health, education and local government in a drive to benefit from the current wave of cost cutting in the public sector.
MITIE has also secured work in the private sector after winning contracts with Rolls-Royce, Manchester Airport and the Royal Opera House, alongside a deal to provide facilities and energy management for Vodafone in UK and Ireland. Revenues for the half-year to September 30 rose almost 15 per cent to 918.7m, while profits on an underlying basis lifted 12.3 per cent to 47.5m.
MITIE has more than 56,000 full and part-time staff with 11,000 employed in the North. Several thousand hold equity stakes in the business.