G4S (Other OTC: GFSZF.PK - news) , the world's biggest security group, said its core UK market had shown improved performance as it posted a 6.3pc rise in revenue for the first nine months of the year.
The British firm, which has been heavily criticised for an embarrassing failure to provide enough venue guards for last summer's London Olympics , this morning said group revenue to the end of September had been underpinned by emerging markets - a key focus for the firm - where organic growth was up 9pc.
It said it expected its US government market, where defence work has been muted due to budgetary delays, and its European markets to remain difficult.
The 6.3pc rise in group revenue at constant exchange rates, compared to 5pc at the half year. Including the London 2012 contract nine month revenue grew by 9.2pc, compared to 7pc at the half-year.
The Olympic fiasco has rocked G4S (Copenhagen: G4S.CO - news) , costing the firm £50m and instigating senior management exits. Fears have also been raised that future contracts with the Government, its biggest client contributing half of G4S's British revenue, may also be jepoardised.
According to analysts, six contracts to run nine British prisons are expected to be awarded this week, with G4S's success in the bidding seen as a key indicator of the Government's long-term appetite to work with the firm in the wake of the Olympic Games.
Shares in G4S, which operates in over 125 countries and runs operations from immigration and border control to cash transportation and guarding ships from pirates, closed at 260.8p on Monday, valuing the firm at around £3.7bn.