Business services company Rentokil Initial Plc. (RTOKY.PK,RTO.L) Friday reported a profit for the year, compared to a loss last year, with profit and revenue improvement in all divisions, despite market challenges.
For the year, profit attributable to equity holders of the company was 51.4 million pounds compared to a loss of 69.7 million pounds last year. Earnings per share was 2.82 pence, compared to loss per share of 3.84 pence last year. Pre-tax profit was 82.7 million pounds in comparison with a loss of 50.5 million pounds in 2011. Annual revenues edged up to 2.546 billion pounds from 2.544 billion pounds in the prior year.
On a continuing operation basis, fourth-quarter pre-tax loss narrowed to 0.2 million pounds from 116.2 million pounds. Quarterly revenue increased to 663.2 million pounds from last year's 658.4 million pounds. The company proposed that the final dividend be raised 7.5 percent to 1.43 pence from last year's 1.33 pence, taking the full year total to 2.10 pence.
Alan Brown, CEO, said, "Rentokil Initial finished the year strongly, with adjusted profit before tax up 15.9% in Q4 and 10.1% for 2012 as a whole at constant exchange rates...Furthermore, we increased organic revenue growth by 1.3% from negative 0.5% to positive 0.8% (excluding Initial Facilities Spain) despite difficult market conditions for our largest businesses.''
Looking ahead, the company is confident that 2013 will see it sustain the momentum achieved in the final quarter of 2012. Separately, the firm said William Rucker stood down as a non-executive director on March 14, following a review of his commitments which include the chairmanship of recently re-listed Crest Nicholson PLC.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.