Capita sees recovery in Covid-affected areas

The firm said it made good progress despite the ongoing impact of the Covid-19 pandemic

Holly Roach
clock • 1 min read
Revenue was in line with the year prior at £1,584.7m
Image:

Revenue was in line with the year prior at £1,584.7m

Capita’s profit and margins have increased, while net debt has reduced, as the firm gains new contracts and sees recovery in Covid-affected areas.

According to the firm's half-year results, published today (6 August), pre-tax profit rose by £56.4m to £45.3m, following an £11.1m loss in the first half of 2020. Revenue was in line with the y...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Mansion House proposals 'ambitious' and 'huge task' for industry

Mansion House proposals 'ambitious' and 'huge task' for industry

Industry experts says consolidation into megafunds presents ‘complexity’

Holly Roach
clock 22 November 2024 • 2 min read
XPS Group revenues up 23% to £113.4m in six months

XPS Group revenues up 23% to £113.4m in six months

Consultancy says advisory and administration accounting grew for tenth half year of year-on-year growth

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot