March 11, 2020 / 7:28 AM / 19 days ago

Security firm G4S slumps to annual loss after $375 mln charge

March 11 (Reuters) - G4S, one of the world’s largest private security firms, on Wednesday reported an annual statutory loss after taking a 291 million pound ($374.75 million) charge chiefly related to its UK cash business.

The British contractor, which employs over half a million people in 90 countries, a third of which in Asia, said it has cut back operations in high risk areas to mitigate the spread of the coronavirus but added that the impact so far has been “immaterial”.

$1 = 0.7765 pounds Reporting by Yadarisa Shabong in Bengaluru; Editing by Bernard Orr

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