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Article: Security firm G4S full-year profit up 2.7 pct
- Article from:
- AP Worldstream
- Article date:
- March 10, 2009
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Britain's G4S PLC, one of the world's largest security companies, said Tuesday that its full-year 2008 profits rose 2.7 percent, helped by gains in Europe and new markets, and gave an upbeat outlook.
For the year ending Dec. 31, G4S posted a net profit of 151.2 million pounds ($209.7 million), compared to 147.2 million pounds in 2007. Revenue rose 32.5 percent to 5.9 billion pounds.
Investors welcomed the earnings report, sending G4S shares up 5.6 percent to 186.4 pence on Tuesday morning on the London Stock Exchange.
"Management continues to seek smaller bolt-on acquisitions, whilst governments such as Australia and Israel continue to seek ways to reduce costs, ...