Capita announces full-year financial results for 2010

UK-based outsourcing company Capita has reported its financial results for the full year ended 31 December 2010, in which turnover increased by two per cent to £2,744m.

Underlying operating profit rose to £395.1m, up 10 per cent from £357.7m in 2009, while underlying profit before taxation increased by 12 per cent to £364.2m, compared to £325.1m recorded in 2009.

Underlying earnings per share grew by 16 per cent to 44.98p and underlying operating cash flow increased by one per cent to £442m.

Consultancy Capita Symonds, which operates as part of the Capita group, has played a key role in these results, with an increased turnover of £309m and underlying profit of £25.6m.