G4s sees flat full year profit in 2018, "good momentum" into 2019

File Picture: Flags fly outside HMP Birmingham in Birmingham, Britain August 20, 2018. REUTERS/Darren Staples - Copyright DARREN STAPLES(Reuters)

By Reuters

Published on 07/11/2018 - 08:34•Updated 25/04/2024 - 19:54

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(Reuters) - British outsourcer G4S <GFS.L> said on Wednesday it expected flat full-year profit in 2018 after a series of investments, with strong growth in North America and Asia partially offsetting lower revenue growth elsewhere.

G4s said it expected "good revenue momentum" into 2019.

G4S manages cash for companies and banks including guarding and security, as well as sensitive government services such as prison and asylum-seekers' management. It is in the final stages of a four-year restructuring programme.

(Reporting by Elisabeth O'Leary)

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