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By | Team Register 23rd February 2006 16:15

Capita increases turnover, profit

Boosts dividend

In brief Capita turned in increases in profits and revenues when it unveiled full year results today. For the year ended December 31, the services vendor reported turnover of £1.4bn, up 12 per cent. Operating profits were up 8.2 per cent to £166.6m, and pre-tax profits were up 7.8 per cent to £ 153.1m. When a share based payment charge, intangible amortization and impairment were stripped out, operating profits grew 19 per cent to £190.7m, while pre-tax profits were up 19 per cent to &pound177.2m. The firm increased its dividend for shareholders, and also hinted at a share buyback.®

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