Emerging markets growth helps boost G4S first quarter revenueWednesday 07 May 2014 08.43
G4S, the world's biggest security firm, said strong demand across its emerging markets regions helped group revenue rise 4.8% in its first-quarter.
Hit by a series of contract scandals that have severely damaged its reputation and profits, the British group is in the middle of overhauling its sprawling 125-country business.
It is shaking-up management, cutting costs, improving customer service and restructuring weak divisions to help revive its fortunes.
It said today that revenue for the three months to March 31 grew 4.8%, with organic growth of 5%. Operating profit for the period was up slightly on 2013.
The group, which won work worth £440m annually in the quarter, said emerging markets organic revenue growth was 16%, compared to a flat performance in developed regions.