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Serco expects 50% jump in profits on back of Covid contracts

Firm that runs large parts of NHS test-and-trace service forecasts revenues of £2.2bn

The outsourcing company Serco predicts its profits will jump 50% during the first half of the year because of its continued work on Covid-19 contracts for various governments, including the UK’s test-and-trace service.

The firm expects its underlying trading profit for the first six months of 2021 to reach between £120m and £125m, more than 50% higher than a year earlier.

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Read the original article at The Guardian

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