Profits show Compass is pointing in right direction

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The Independent Online

Supplying healthy US hospital food, Disney's staff canteen, the Mammoth Mountain ski resort in California and miners canteens in Australia all helped Compass post a strong 7.7 per cent rise in first-half profits yesterday.

The world's largest food service company with operations in 50 countries serving four billion meals every year, Compass saw emerging markets and US growth offset a much weaker European market. Revenues rose 8.6 per cent to £8.6bn, up from £7.9bn for the same period in 2011. Sales in the emerging markets – boosted by new contract wins such as supplying Rio Tinto miners with food – saw business in tyhat area grow by 12.4 per cent.

Laura Chesters