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Interserve profit rises on strong support services business
August 15, 2012 / 6:51 AM / in 5 years

Interserve profit rises on strong support services business

Aug 15 (Reuters) - Interserve Plc said first-half profit rose about 8 percent on strong growth in its support services business and the British support services and building company reiterated its full-year outlook.

The company, whose services range from cleaning Sainsbury supermarkets to building shopping malls in the Middle East, said medium-term outlook for its businesses remained positive and that it won projects worth 1.4 billion pounds ($2.20 billion) as of June 30.

Profit before tax rose to 32.6 million pounds for January-June, up from 30.1 million pounds a year earlier.

Revenue grew about 3 percent to 1.21 billion pounds.

Interserve’s support services business, which includes building maintenance and security, grew 11.5 percent to 572.1 million pounds in the UK.

Interserve, which started in 1884 as The London and Tilbury Lighterage Company, raised its interim dividend to 6.4 pence per share from 6 pence last year.

Shares in the company closed at 324 pence on the London Stock Exchange on Tuesday.

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