(Sharecast News) - G4S said first-half profit would be well ahead of expectations and that it would bring forward its results announcement to the week beginning 20 July.
The security company said its business continued to hold up well during June. Adjusted pretax profit before interest and amortisation (PBITA) and underlying earnings for the first six months of 2020 will be significantly above market consensus, it said.
Analysts' average forecast for adjusted PBITA is £159m and for earnings the consensus is 4.3p a share.
The FTSE 250 company said on 17 June that revenue dipped 1% in the five months to the end of May with revenue from secure solutions, which makes up 90% of income, slightly up on the year before.
In a brief update on Monday G4S said: "The group has continued to deliver a resilient trading performance during June. We now expect that the group's Adjusted PBITA and underlying earnings for the first six months of 2020 will be significantly above market consensus."
3 Dec 2020 11:56
RBC downgrades G4S, calls GardaWorld bid 'fair'
(Sharecast News) - RBC Capital Markets has called GardaWorld's latest £3.7bn offer for G4S fair, as it downgraded its rating on the outsourcing giant.
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