In an announcement on Thursday, Serco Group plc (LON: SRP) said that its underlying trading profit in fiscal 2020 was likely to come in roughly 35% up on a year over year basis. The company also named Nigel Crossley as its next CFO on Thursday.
Crossley will take the helm next year in April as the current CFO Angus Cockburn steps down. At the moment, Crossley is serving as the Director of Finance at Serco Group. In separate news from the United Kingdom, Integrafin Holdings said its financial performance in fiscal 2020 was sufficiently strong considering the circumstances.
Serco expects £3.9 billion of revenue this year
Serco Group said that its underlying trading profit in fiscal 2020 was likely to print in the range of £160 million to £165 million. In comparison, it had reported £120.2 million of underlying trading profit in fiscal 2019.
The support-services company also forecast a 19% annualised growth in revenue this year to £3.9 billion. Serco also offered guidance for the next year on Thursday. The Hook-based company expects £4.1 billion of revenue in fiscal 2021 and roughly £165 million of underlying trading profit.
Serco Group closed the regular session about 0.2% down on Thursday. On a year-to-date basis, its shares are now a little under 25% down in the stock market. If you want to invest in the stock market online, you will need a reliable stockbroker – here’s a comparison of the top few to make selection easier for you.
Serco refrains from declaring a dividend on Thursday
Serco refrained from declaring a dividend on Thursday due to the uncertainty attributed to the second wave of the COVID-19 crisis that has
