CRAWLEY (dpa-AFX) - G4S Plc (GFS.L, GFSZY.PK) said in the first quarter of 2012, overall revenues grew 7.5% at constant exchange rates compared to the same period a year ago, and grew 6.7% at actual exchange rates. As expected, profits were at similar levels to the previous year and the group operating margin was lower, the company added.
G4S noted that overall organic growth was strong at 7%. Developing markets organic growth was 11% and for developed markets it was 4%. Also, overall margins were down 0.4% as expected, due to contract start-up phasing in the UK cash solutions and government businesses and US government budgetary cuts.
Looking forward, the organic growth rate is expected to continue to improve during 2012.
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