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Mitie sees flat to slightly lower first-half profit

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(Reuters) – Mitie <MTO.L> said it expected operating profit for the first half of the year to be flat to slightly down which would be in-line with its forecasts, as the outsourcing group invests to boost revenue.

The company, which provides engineering, security and cleaning services to customers such as Sainsbury’s <SBRY.L>, Vodafone <VOD.L> and Rolls-Royce <RR.L>, said revenue was expected to be 2 to 3 percent higher for the six months to Sept. 30. It said its restructuring programme was progressing according to plan.

(Reporting by Arathy S Nair in Bengaluru; Editing by Edmund Blair)

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