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G4S meets market forecasts with 5% first-half profit rise

G4S, the British group that stocks ATMs, runs prisons and protects airports, met expectations with a 5 percent rise in first-half adjusted operating profit, and said productivity improvements would continue to feed through in the second half.

The security group posted profit of 193 million pounds ($300.50 million), broadly in line with analyst consensus of 194 million pounds, on revenue from continuing operations of 3.3 billion pounds, up 2.8 percent but slightly undershooting forecasts.