Rentokil profits soar on strong half-year revenue

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Rentokil has posted a rise in interim profits, driven by revenue growth across all regions.

The company said pre-tax profit rose 48.1% to £240 million as revenue grew 70% to £2.7 billion.

Chief executive Andy Ransom said: “The group enjoyed growth in every region and continued to benefit from effective pricing to manage inflationary costs.

Revenue growth was further supported by another excellent period of M&A with 24 high-quality businesses acquired for a total consideration of £202m.”

Mr Ransom continued: “We start the second half of the year with continued confidence in our plans, both operational and strategic.”

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With more than 25 years' experience in business-to-business publishing, Simon is editor of LBM titles Pest and OvertheCounter. Big fan of Manchester United.