Serco raises 2024 annual profit guidance to £270m, anticipating a 9% increase in underlying operating profits.
Serco, an outsourcing firm, raises its annual profit guidance for 2024 to £270m after strong first-half performance, offset by weakness in its medicare services. The company anticipates a 9% increase in underlying operating profits compared to 2023, attributing this growth to recent acquisitions and new contract ramp-up. Serco's shares have increased by around a third in the past 12 months.
June 27, 2024
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