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Serco upgrades profit forecast as Covid test-and-trace work continues

Outsourcing company says profit for 2021 will be £15m higher than previously thought, at about £200m

The outsourcing company Serco has upgraded its profit forecast thanks to continuing strong revenues from its lucrative contract to run parts of the government’s Covid-19 test-and-trace service.

The company on Monday said its underlying trading profit for 2021 would be £15m higher than previously thought, at about £200m. Shares rose 5% in early trading, making Serco the top riser on the FTSE 250.

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Read the original article at The Guardian

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