Pest control and hygiene group
The British company will up dividend payments by 38 per cent to 2.09p per share, raising the amount payable to shareholders to £38.9m on 13 September.
Proving services from laundry to household products, Rentokil saw revenue stand at £1.46bn after a rise of 18.3 per cent over the six month period.
The initial first half of 2021 revealed a sharp increase in sales for the pest control and hygiene sectors. Growth in pest control rose by 18.7 per cent due to the company’s regional improvements.
As a result of lockdown restrictions easing and a return to normality. Hygiene sectors saw a 9.3 per cent increase.
Following positive interim results, shares for the company climbed 5.35 per cent today to £5.54p to the top of the
Formerly British Ratin, the company saw mergers and acquisitions total of £261m on 24 deals so far this year, with 21 for pest control, across all regions in 13 countries.
Ransom suggested that the company will expect to spend a total between £450m to £500m for full year on global mergers and acquisitions.
Operating profits rose by 55.4 per cent to £208.4m as a result of the company’s strong trading performance in
Rentokil expect full year results to increase by around £10m to £15m.
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