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Interim Results

Rentokil profit rises by 12.5%

27 July 2017 09:02

Rentokil Initial (RTO) grew its adjusted profit before tax by 12.5% to £126.3m in the first half, with ongoing revenues up 16% to £1,056m.

Organic revenue growth was 4.2%, driven by Pest Control and Hygiene.

The company spent £206.8m on mergers and acquisitions in the first half, including a joint venture with India's largest pest control company PCI and five pest control acquisitions in the US.

It lifted the interim dividend by 15.2% to 1.14p.

The group said conditions in France remain difficult but it is confident of meeting its expectations for 2017.

At 9:02am: (LON:RTO) Rentokil Initial PLC share price was +11.15p at 285.95p

Story provided by StockMarketWire.com

Related Company: RTO

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