UK outsourcing firm Capita forecasts annual revenue decline; shares fall
Aug 2 (Reuters) -British outsourcing group Capita CPI.L said on Friday it expects annual adjusted revenue to decline in low to mid-single digit percentage, partly hurt by its plan to move away from contracts with smaller margins, sending its shares sharply lower.
Shares in the company fell as much as 11% in early trading, even as it posted a half-year pre-tax profit of 60 million pounds ($76.3 million), compared with a loss of 67.9 million pounds a year ago.
($1 = 0.7865 pounds)
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mrigank Dhaniwala
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