Capita plc (GB:CPI) has released an update.
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Capita plc reports a boost in half-year profits for 2024, with a notable 33% increase in adjusted operating profit and substantial progress in their cost reduction program, aiming for a total of £160m in savings by June 2025. Despite a decline in adjusted revenue, the company has made strides in improving its adjusted operating margin from 3.1% to 4.5% and has a positive outlook with continued efforts in efficiency and strategic focus on growth sectors.
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