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Capita increases turnover, profit

Boosts dividend

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In brief Capita turned in increases in profits and revenues when it unveiled full year results today. For the year ended December 31, the services vendor reported turnover of £1.4bn, up 12 per cent. Operating profits were up 8.2 per cent to £166.6m, and pre-tax profits were up 7.8 per cent to £ 153.1m. When a share based payment charge, intangible amortization and impairment were stripped out, operating profits grew 19 per cent to £190.7m, while pre-tax profits were up 19 per cent to &pound177.2m. The firm increased its dividend for shareholders, and also hinted at a share buyback.®

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