LONDON (dpa-AFX) - Capita PLC (CPI.L) on Tuesday said its adjusted revenue in the 11-month period ending 30 November, 2022, grew 2%, in line with full-year outlook.
This revenue growth has been attributed primarily to the full-year impact of the Royal Navy training contract as well as revenue growth in Justice, Central Government and Transport.
The company further said it could significantly reduce debt in Fiscal 2022.
'Proceeds from our ongoing disposal programme have helped us further reduce debt; by the middle of 2023, we expect to have completed the disposal of our Portfolio businesses resulting in a very low level of financial net debt,' said Jon Lewis, Chief Executive Officer.
Full-year results are scheduled to be reported on 2 March 2023.
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