Fri, 03 Dec 2010 | BUSINESS NEWS
Bristol-based support services company Mitie has seen its half year profits jump thanks to a series of business acquisitions.
Following the purchases, profits rose by 12 per cent to £47.5 million, despite public spending cuts dampening growth elsewhere. Revenue also rose by 14.7 per cent.
Mitie chief executive, Ruby McGregor-Smith, called the figures 'a strong set of results in turbulent times,' adding that the 'vast majority of revenue growth came from acquisitions.'
Last year, Mitie acquired the technical facilities arm of Dalkia for £130 million. It also bought social housing contractor Environmental Property Services for £38.5 million.
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