http://www.business-sale.com - Bristol-based support services company Mitie has seen its half year profits jump thanks to a series of business acquisitions. <br /><br />Following the purchases, profits rose by 12 per cent to £47.5 million, despite public spending cuts dampening growth elsewhere. Revenue also rose by 14.7 per cent. <br /><br />Mitie chief executive, Ruby McGregor-Smith, called the figures 'a strong set of results in turbulent times,' adding that the 'vast majority of revenue growth came from acquisitions.' <br /><br />Last year, Mitie acquired the technical facilities arm of Dalkia for £130 million. It also bought social housing contractor Environmental Property Services for £38.5 million.
