Outsourcer Serco falls on losing Aussie immigration contract
** Shares in Serco Group SRP.L down 13.3% at one yr low of 153.6p
** Stock top loser on FTSE midcaps .FTMC index
** British outsourcing company unsuccessful in renewing contract for onshore immigration detention facilities and detainee services in Australia
** Says contract retention would have contributed around 165 mln pounds ($213.6 mln) in 2025 revenue, 18 mln pounds in underlying operating profit
** Sees one-off end of contract cash costs of around 20mln pounds
** Says increase in national insurance contributions after government's budget will increase direct labour costs by around 20 mln pounds per year for co
** Stock down ~2% so far this year
($1 = 0.7724 pounds)
Reporting by Prerna Bedi in Bengaluru
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