Secret Site Map
Thursday, July 31, 2014

Home News Rentokil Initial 3Q Pretax Profit More Than Doubles

Rentokil Initial 3Q Pretax Profit More Than Doubles

Business

Rentokil Initial said it will focus on a growth strategy after reporting that third-quarter pretax profit more than doubled, boosted by progress in its turnaround business and the stronger euro.

| November 10, 2009

LONDON - Rentokil Initial said it will focus on a growth strategy after reporting that third-quarter pretax profit more than doubled, boosted by progress in its turnaround business and the stronger euro.

The company said that, in the fourth quarter, it would continue to focus on delivering service, cutting costs and generating cash amid continuing difficult trading conditions.

Analysts said that Rentokil's figures were better than expected and the lower expected losses in its troubled parcels business City Link were welcome.

Rentokil is undergoing a three- to five-year restructuring process after the performance of its City Link business sparked several profit warnings and a change of management.

According to Rentokil Third Quarter Trading Report, the company’s UK Pest Control’s turnaround is “gathering momentum, but still much to do:”

  • State of service now 99.9%
  • Client retention 76% in August and September – highest rate since Q1 2008
  • Q3 sales from SME contracts - highest level since Q1 2008
  • Improvements in sales and service colleague retention Group strategic plan updated during the quarter – focus on growth agenda and ‘Programme Olympic’, a series of initiatives targeting industry-leading service quality and the reduction of administration and overhead costs across the group
     

Top news

Cook’s Open House Showcases State-of-the-Art Training Facilities

Residential and commercial training centers provide hands-on educational opportunities in a “real-world” setting for technicians and sales personnel.

Bed Bugs Turn Up in Senate Office Building

The pests were found on the sixth floor of the Dirksen building last week, causing officials to take emergency measures such as closing off a restroom for a couple of days with yellow police tape, the Daily Caller reports.

'Super Ants' Discovered in London

An invasion of super ants that are attracted to electricity is feared to be spreading across the south of the country after a large nest was discovered in a house in London, metro.co.uk reports.

Mayor Dies After Wasp Attack

The mayor of a Quebec, Canada community died of anaphylactic shock after after being attacked by wasps while on vacation.

ESA Announces Newly Certified ACEs — July 2014

The Entomological Society of America (ESA) announced 16 new Associated Certified Entomologists.