By Maximilian Clarke

Mitie Group Plc (LSE: MTO) have delivered a 17.3% surge in pre-tax profits since 2010 off the back of a 5.8% growth in revenue, the company’s half year results show.

The leading outsourcing company has reported a surge in business from companies looking to outsource as a result of the continued economic downturn, seeing basic dividends per share jump 22.1%.

"The first half of this year has seen us deliver a strong set of financial results,” commented Ruby McGregor Smith, the company’s CEO whose rapid expansion agenda won her a 2011 National Business Award for Orange Leader of the Year. “We have been awarded a number of significant contracts which have enhanced our business. This demonstrates the success of our strategy to invest in our integrated facilities and energy management capability.

Looking ahead, our focus is on developing existing client relationships and maximising opportunities to deliver value in energy services. This will ensure that all of our clients receive great value, high quality services, both in the UK and overseas.

We are mindful of the challenging economic environment. However, the search for greater cost and energy efficiency is central to the strategies of governments and businesses in all our markets - and delivering better quality services, innovation and efficiency lies at the heart of what we do.

With a record order book and a strong pipeline of sales opportunities, I am confident that the group will continue its outstanding track record of sustainable profitable growth."


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