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Serco upgrades profits

Serco upgrades profits

There was finally a bit of good news from the outsourcing sector. Serco (SRP) expects underlying trading profits to come in around the top end of its guided range for 2017. Management expects underlying profits of £65m-£70m this year. In addition, closing net debt is expected to be towards the lower end of the £150m to £200m range.

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