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Johnson Service sees full-year result beating market expectations

By BFN News | 02:22 PM | Tuesday 04 September, 2018


Rental, cleaning and care provider Johnson Service Group posted an 8% rise in first-half profit and said it expected its full-year result to be slightly ahead of market expectations. For the six months through June, pre-tax profit rose to £14.0m, as revenue grew by 10% to £152.2m. The company declared an interim dividend of 1p per share, up 11% on-year. 'We are delighted to report another consistently strong performance across the group,' chief executive Chris Sander said. 'Our strategy of driving the quality of growth organically by investing capital in our operations, coupled with selective acquisitions, is delivering encouraging results.' 'Recent organic growth and margin performance gives us confidence in the outlook for the second half of 2018.' 'As a result, we expect results for the full year to be slightly ahead of current market expectations.' At 2:22pm: (LON:JSG) Johnson Service Group PLC share price was +1.4p at 140.9p Story provided by StockMarketWire.com

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