StockMarketWire.com - Pest control services group Rentokil has reported a 50.1% increase to ongoing operating profits in the six months to the end of June, coming in at £208.3m

Growth in both pest control and core hygiene services fulled the increases.

24 acquisitions were completed in the first half of the year.

Rentokil increased its interim dividend by 38% to 2.09p a share.

Andy Ransom, CEO, said: 'We have made excellent progress in the first six months of the year. Our revenue growth of 18.3% demonstrates a clear recovery of our core businesses as economic conditions improve across many of our markets.

'We have also delivered a very strong cash performance in H1 with Free Cash Flow conversion of 151%, aided by collections some 26% ahead of the prior year.'


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