Outsourcing services group Newcourt, which is involved in security, recruitment and property services, has reported pre-tax profits of €1.8m for the first half of this year, up nearly 50% on the same period last year.
Turnover jumped by 52% to €45.4m, with just over a third of the increase coming from acquisitions. Underlying growth was 33% higher.
Newcourt said profits in its security division rose by 33%, while profits in the recruitment arm were up 30%. The company recently completed the acquisition of Ely Property, which is involved in property management and student accommodation.
Chairman James Osborne said he was confident the strong performance would continue in the second half of 2006.
Shares in Newcourt closed four cent lower €1.24 in Dublin this evening.
