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Improvements in Rentokil Textiles & Hygiene Benelux controls
Mar '11
However, underlying revenue growth was broadly flat year on year, with Asia growing by 1.4% and the Pacific declining by 1.1%. The contract portfolio grew by 1.8% year on year reflecting an improvement in customer terminations from better customer service and acquisitions. Group retention improved from 80.8% in 2009 to 83.9%. Adjusted operating profit (before amortisation and impairment of intangible assets and one-off items) amounted to £239.2m, an increase of 8.3% on the prior year.

Adjusted profit before tax (before amortisation and impairment of intangible assets and one-off items) grew by 15.1% to £191.7m and adjusted earnings per share (at AER) grew by 18.2% to 7.81p. Strong divisional profit performances were recorded in Pest Control, Facilities Services and Asia Pacific. The statutory after tax loss for the year was £20.3m, primarily due to the recognition of a £95m impairment of goodwill in City Link.

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