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Industrials

Mitie reports better June after Q1 revenue drop

July 28 (Reuters) - British outsourcer Mitie Group on Tuesday reported an 11% fall in revenue in the first quarter, hit by the loss of a major contract and coronavirus-induced weakness in the engineering sector.

The company, which reported revenue from continuing operations of 458.3 million pounds ($589.28 million) for the three months ended June 30, said its June performance was slightly better than April-May. ($1 = 0.7777 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)

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