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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/11/mitie-eyes-boost-from-public-sector.jpg"><img class="alignnone size-full" title="Outsourcing specialist Mitie has announced a 12 per cent rise in profits" src="http://londonglossy.com/wp-content/uploads/2010/11/min-mitie-eyes-boost-from-public-sector.jpg" alt="Outsourcing specialist Mitie has announced a 12 per cent rise in profits"/></a></p>
<p>Outsourcing specialist Mitie has announced a 12% jump in profits as it steps up efforts to secure more contracts from public sector clients.</p>
<p>The Bristol-based company is focusing &#8220;additional resources and expertise&#8221; on areas such as justice, health, education and local government in a drive to benefit from the current wave of cost cutting in the public sector.</p>
<p>Mitie has also secured work in the private sector after winning contracts with Rolls-Royce, Manchester Airport and the Royal Opera House, alongside a deal to provide facilities and energy management for Vodafone in the UK and Ireland.</p>
<p>Revenues for the half-year to September 30 rose almost 15% to £918.7 million, while profits on an underlying basis lifted 12.3% to £47.5 million.</p>
<p>Mitie &#8211; which stands for Management Incentive Through Investment Equity &#8211; has more than 56,000 full and part-time staff with several thousand employees holding equity stakes in the business.</p>
<p>The group offers services ranging from property management, cleaning, security and maintenance to advice on cutting carbon emissions. Last year, it generated around 55% of its revenues from private sector clients.</p>
<p>Chief executive Ruby McGregor-Smith said: &#8220;Overall, market conditions in the medium term remain positive for outsourcing.&#8221;</p>
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