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Mitie revenue falls by a lower-than-expected 11% in first quarter

By BFN News | 09:43 AM | Tuesday 28 July, 2020


Facilities management group Mitie said its revenue from continuing operations had fallen by a lower-than-expected 11% in the first quarter, following a resilient performance by its cleaning and security division. Revenue for the three months through June declined to £458.3m, with June's performance slightly better than the previously announced April and May result. Mitie said trading had also held up better than hoped with regards to technical services and public-sector contracts. It had won new contracts relating to Covid-19 testing centres, renewed a Groupe PSA contract with additional services and won a new integrated contract with Royal London. At 9:43am: (LON:MTO) MITIE Group PLC share price was +0.55p at 37.85p Story provided by StockMarketWire.com

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