Plus   Neg

G4S Posts Q3 Revenue Rises; Expects Organic Growth Momentum To Continue In Q4

G4S plc (GFSZY.PK,GFS.L) reported Thursday that its third-quarter revenue grew 4.9 percent on a reported basis and 4.3 percent organically.

The company recorded good overall growth of 4.3 percent in Secure Solutions, with organic growth in security revenues of 4.9 percent, partially offset by 3.2 percent lower revenues in ancillary care and justice services.

Looking ahead, the company said it expects organic growth momentum to continue into the fourth quarter of 2019.

"To sustain strong revenue growth, we will continue to invest in additional sales and business development resources and mobilisation capacity. These investments, together with our productivity programmes, sales pipeline and our technology strategy provide good foundations for further progress in 2020," the company said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Video streaming giant Netflix said it will donate 1 million euros to Audiens, the social protection group of the French cultural sector, to help launch a COVID-19 emergency relief fund to support workers in the French television and cinema industry. Netflix and Audiens said they have created the new COVID-19 Film and TV Emergency Relief Fund to help the hardest hit workers in the industry. Major U.S. retail container ports are estimated to report a five-year low for imports in March as consumer demand has been impacted with millions of Americans out of work amid the coronavirus (COVID-19) outbreak, according to a report by the National Retail Federation or NRF. The U.S. Food and Drug Administration has issued warning letters to three sellers of fraudulent COVID-19 products. There are currently no approved preventatives or treatments for COVID-19, the FDA said in a statement.
Follow RTT