June 27, 2019 / 6:11 AM / 5 months ago

Britain's Serco nudges 2019 revenue outlook higher

LONDON, June 27 (Reuters) - Serco nudged its full-year revenue target higher on Wednesday after a recent run of contract wins helped the British outsourcer to stand out in an otherwise troubled sector.

Serco said full-year 2019 revenue was expected to be around the top end of the previously stated 2.9 to 3 billion pounds ($3.8 billion) range, while its underlying trading profit guidance was maintained at around 105 million pounds.

“The revenue growth seen in the second half of 2018 has continued, and profits and margins are both well up on the first half of last year,” Chief Executive Rupert Soames said.

$1 = 0.7884 pounds Reporting by Kate Holton; editing by Costas Pitas

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