Company sees lower revenues, partly due to government spending cuts
Government spending cuts, rising labour costs and the uncertainty surrounding he EU referendum have combined to hit revenue growth at outsourcing group Mitie.
The company, whose services range from a healthcare business providing care at home to facilities management for clients such as Sky and Rolls-Royce, said full year revenues slipped 1.8% to £2.23bn. Profits jumped from £41.5m to £96.8m, although last year saw a £45.7m charge relating to energy contracts.
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