July 31, 2019 / 6:20 AM / 20 days ago

British outsourcer Serco reports 29% jump in H1 underlying profit

LONDON, July 31 (Reuters) - British public-services outsourcer Serco reported a 29% jump in first-half underlying trading profit driven by its American business and said on Wednesday it was confident of growing faster than the market for the next two years.

Profit at Serco, which provides health, security and immigration services to governments, rose to 51 million pounds ($62 million) on revenue that rose 6% at constant currency to 1.48 billion pounds.

Serco, which is coming to the end of a restructuring programme, stuck to its full-year guidance given in a trading update at the end of June. ($1 = 0.8224 pounds) (Reporting by Georgina Prodhan, editing by Louise Heavens)

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