StockMarketWire.com - Security company G4S said Wednesday full-year profits would be flat year-on-year after third-quarter revenues were weighed down by weaker performances in Benelux and its conventional cash services business.

Pre-tax profit (PBITA) for 2018 was expected to be flat compared with the prior year following investment in new products and services, G4S said.

Organic revenue growth was 2.5% for the third quarter from a year earlier, resulting in growth of 1.1% for the first nine months of 2018, the company said.

Performance was weighed down by lower revenues in Benelux and conventional cash services offsetting strong growth rates in security services in North America and Asia and in cash technology solutions, the company added.

'We continue to exercise commercial discipline in markets where labour supply is tight and whilst this is expected to constrain revenue growth in 2018, our new contract wins and substantial, high quality pipeline provide good momentum into 2019,' said G4S CEO Ashley Almanza.



At 8:29am: [LON:GFS] G4S PLC share price was -20.7p at 195.7p



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