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Mitie's solid progress

RESULTS: Initial fears over Mitie's expansion into healthcare services are now looking overdone after the outsourcer's half-year figures signalled decent progress
November 18, 2013

After a period marked by acquisitions and business exits, outsourcing group Mitie's (MTO) half-year figures signalled something of a recovery after reporting a decent enough 10 per cent year-on-year increase in underlying pre-tax profit to £55.3m. What's more, the group's underlying operating margin rose from 5.8 per cent to 6 per cent.

IC TIP: Hold at 314p