Newcourt reports profits boost

Outsourcing services group Newcourt, which is involved in security, recruitment and property services, has reported pre-tax profits of €1.8m for the first half of this year, up nearly 50% on the same period last year.

Turnover jumped by 52% to €45.4m, with just over a third of the increase coming from acquisitions. Underlying growth was 33% higher.

Newcourt said profits in its security division rose by 33%, while profits in the recruitment arm were up 30%. The company recently completed the acquisition of Ely Property, which is involved in property management and student accommodation.