April 16, 2019 / 6:26 AM / 2 months ago

G4S posts higher first-quarter revenue

April 16 (Reuters) - Britain’s G4S, which has been subject to takeover interest from Canada’s Garda World Security, said on Tuesday it had made good progress in a review to separate its cash business and reported higher first-quarter revenue.

“The board believes that a separation has the clear potential to unlock substantial shareholder value,” Chief Executive Officer Ashley Almanza said.

Revenue at the world’s largest listed security company rose 4.8 percent from a year earlier, boosted by growth in its Secure Solutions and Cash Solutions businesses. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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