By Tapan Panchal
LONDON--Compass Group PLC (CPG.LN) said Tuesday its pretax profit for fiscal 2015 rose slightly, driven by increased revenue in North America and emerging markets, and a further recovery in Europe and Japan.
The contract food and support services company said its pretax profit for the year ended Sept. 30 rose to 1.16 billion pounds ($1.75 billion) from GBP1.14 billion. Revenue rose to GBP17.59 billion from GBP16.85 billion.
Operating profit rose to GBP1.26 billion from GBP1.21 billion.
"Our expectations for 2016 are positive and unchanged," Chief Executive Richard Cousins said.
The catering company said its pipeline of new contracts is strong, while savings from restructuring programs and margin improvements would offset lower volumes and pricing pressures in fast-growing and emerging markets.
Compass declared a final dividend of 19.6 pence a share, giving total dividend for the year of 29.4 pence, up from 26.5 pence paid last year.
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