June 7, 2018 / 6:21 AM / 5 months ago

UK outsourcer Mitie sees modest sales growth; restructuring on track

June 7 (Reuters) - British outsourcing provider Mitie said it expected “modest” revenue growth for its current financial year and remained committed to improving its profitability 4.5 percent to 5.5 percent in the medium term.

Mitie said on Thursday it was “where we need to be” one year into a three-year restructuring programme.

It reported adjusted operating profit down 6 percent to 77 million pounds ($103 million) and adjusted revenue up 3 percent to 2.2 billion for its financial year to end-March, in line with its own guidance and analysts’ expectations. ($1 = 0.7448 pounds) (Reporting by Georgina Prodhan; Editing by Elisabeth O’Leary)

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