G4S first-half profit rises on emerging markets demand
LONDON, Aug 13 (Reuters) - Britain's G4S (LSE: GFS.L - news) , the world's biggest security group, posted a better-than-expected rise in first-half operating profit, led by strong demand in emerging markets.
The firm, which is undergoing a overhaul aimed at improving operations across its sprawling business and restoring its reputation after a series of damaging failures, said on Wednesday operating profit for the six months to June 30 was 185 million pounds ($311 million), ahead of a consensus forecast of 177 million.
The group said it had sold six businesses and decided to discontinue 15 small businesses as part of its portfolio review. ($1 = 0.5946 British Pounds) (Reporting by Neil Maidment; editing by James Davey)