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Rentokil saw its profits drop by nearly a third amid a series of one-off costs, despite its hygiene business booming during the pandemic.
The pest control company said it had spent millions on acquisitions and integrations, settled some old payrolls in France, and taken a £2.9 million charge for disposing of faulty personal protective equipment.
Pre-tax profit dropped 32% to £229.8 million on revenue of £2.8 billion, up 4%, Rentokil said.
With adjustments to strip out one-off costs, pre-tax profit rose 4.2% to £355.2 million.
Chief executive Andy Ransom hailed the hygiene business, which saw revenue boom by 36.8% last year.
It launched disinfection services across the world in response to the Covid-19 pandemic in the second quarter of last year, selling deep cleans to businesses. Disinfection brought in £225.1 million in revenue.