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A drive-through testing centre in Bolton, Britain, September 22, 2020. REUTERS/Phil Noble/File Photo
Serco Group (SRP.L) raised its 2021 profit outlook on Monday by 15 million pounds to about 200 million pounds ($282.18 million) as the British outsourcer expects stronger demand for its COVID-19 services in the UK.
The company has outperformed the wider UK outsourcing space, benefiting from its focus on the public sector, including the country s national test and trace programme related to the pandemic.
Serco said its testing and tracing contracts volumes in the UK have continued to be strong and expects demand for these services to continue for longer in the second half than previously anticipated.
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