Rentokil reports recovery signs

Rentokil Initial posted a 17% slump in profits today but insisted its turnaround strategy was on track.

Rentokil reports recovery signs
Thu, 23 Feb, 2006 - 10:52

Rentokil Initial posted a 17% slump in profits today but insisted its turnaround strategy was on track.

The troubled pest control and hygiene firm said pre-tax profits fell from £304.6m (€446.7m) in 2004 to £252.9m (€370.9m) last year as it addressed “a set of deeply rooted problems” in its businesses.

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