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Capita Provides Interim Management Statement - Quick Facts

Capita Plc (CPI.L) issued interim management statement covering the 3 month period ending March 31, 2012.

The company stated that it has made an encouraging start to 2012 with first-quarter turnover 17% ahead of prior year, mainly due to the additional revenue from acquisitions undertaken during 2011 as well as good progress across the Group's businesses. The company also had a successful period in bidding for new contracts, winning a total of 900 million pounds major sales opportunities in the first 16 weeks of the year.

In addition, Capita noted that performance across its key financial metrics is as anticipated in its preliminary results statement issued on February 23, 2012. The company said it remains well placed to achieve renewed organic growth in line with expectations in 2012 and anticipate further strong progress in 2013.

by RTTNews Staff Writer

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