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Security company G4S reported a higher profit in the first half of the year as a gain on sale of its conventional cash businesses helped offset weaker revenue.
Pre-tax profit rose to £217m from £117m on-year even as revenue slipped to £3.5bn from £3.8bn on-year.
The company recorded a gain on sale of its cash business of £171m.
'Revenue growth during the first half of 2020 was adversely impacted by the Covid-19 pandemic, particularly in our Europe & Middle East markets and our UK Cash Solutions business,' the company said.
Looking ahead, the company said it was 'very well positioned to emerge from the pandemic as a leaner and more focused market leader in the global security market and to create material value for all stakeholders.'
At 8:06am: (LON:GFS) G4S PLC share price was +4.23p at 140.83p