Serco gets a fillip from Asian profit
Serco, the outsourcing group behind the Boris Bikes hire scheme, has reported a 13 per cent jump in profits as strong growth in Asia and Australia more than lustre demand in Britain and America.
The company, whose operations range from running Australia's 1km-long Ghan train and Dubai's Metro to helping service the search and rescue helicopters at RNAS Culdrose in Cornwall, said its pre-tax profits came in at £262m, as revenues increased by 7.4 per cent to £4.64bn.
Serco's performance was turbo-charged by a 62 per cent surge in revenues in Africa, the Middle East, Asia and Australasia to £780m, as the group focused its attention on this fast-growing area. As a result, the division's contribution to group profits rose from 11 to 17 per cent.
However, the company remained cautious about the outlook for the US and the UK, which still account for about four fifths of its sales, given the huge squeeze on public spending. Serco said its order book stood at £18bn after winning £5.1bn of work in 2011.
- 1 Video shows how to turn your phone into a 3D hologram
- 2 Artist Jamie McCartney: How The Great Wall of Vagina is a stand against 'body fascism'
- 3 Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
- 4 'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
- 5 Dutch King Willem-Alexander declares the end of the welfare state
Katie Hopkins reveals fear she will die during brain surgery to cure epilepsy
Tensions flare as Confederate flag supporter reaches for gun when confronted by protests – in pictures
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
The Vatican on space: The discovery of intelligent life wouldn't mean there's an alien Jesus somewhere in the universe
Tom Cruise: Reporters banned from asking actor about Scientology
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Jeremy Corbyn's anti-austerity agenda will harm poor, says Labour shadow Chancellor Chris Leslie
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
competitive + incentives + uncapped comms: SThree: Did you know? 98% of our di...
competitive: SThree: Did you know? 98% of our directors started with SThree as...
£20000 - £25000 per annum + competitive: SThree: Are you passionate about sa...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...