G4S Plc 9-Month Profit Flat, Revenues Rise - Quick Facts

(RTTNews) - UK-based private security firm G4S Plc (GFS.L, GFSZY.PK) reported Tuesday that its nine-month profit before interest, tax and amortisation or PBITA remained flat with last year, while revenue, at constant exchange rates, grew 6.4 percent.

In its trading and financial performance statement for the period from June 30 to date as well as nine months to September 30, the company said its overall organic revenue growth was 4.8 percent, which the company noted was satisfactory. This was despite challenging market conditions in Europe and lower US federal government spending that affected the company's secure solutions and systems businesses in that market.

In emerging markets, revenues climbed 14 percent, while it was broadly flat in developed markets.

As at September 30, the company said that it was in a significantly stronger financial position following the August share placing and receipt of the disposal proceeds from the sale of data storage business in Colombia.

Regarding its outlook, the company said its emerging markets businesses, which account for more than 40 percent of group profits, continue to achieve good results. Meanwhile, trading conditions are expected to remain challenging in Europe and the USA during the fourth quarter.