Mitie full-year profit up 11%

18th May 2009 07:52

Support services specialist Mitie reported a 11% rise in full-year profits and said it sees opportunities for sustainable profitable growth.Pre-tax profit rose to £78.4m in the year ended 31 March from £70.6m last time as revenue increased 8.2% to £1,521.9m. The final dividend is up 15.0% to 6.9p"Our people, balance sheet strength, long-term order book, attractive bid pipeline, committed banking facilities and lack of debt put us in a good position to continue our track record of sustainable profitable growth," said chief executive Ruby McGregor-Smith."We recognise the economic challenges that are facing our own business and that of our clients, but see continued opportunities for sustainable profitable growth for Mitie through our ability to enhance efficiency in extended scope outsourced solutions and the introduction of innovation in asset management for our clients," the group added.