Group revenue increased by 7.7% to £126.3million, compared with the same period in 2011.
John Talbot, group executive chairman said: “Textile rental has performed well during the first half with organic growth of over 4% including a strong increase in new business. I am particularly pleased with the successful integration of the Cannon business, which was acquired at the end of March 2012 and is expected to make a positive contribution to profit in the full year.
The group’s drycleaning business had a difficult first half. However, the strategic review in July had identified a viable, profitable and resilient core drycleaning business. The division restructuring is proceeding to plan. Around 100 underperforming businesses have closed. Incorporating the drycleaning business into a larger Textile Services division will allow a unified branding strategy, significant cost savings and greater co-operation on sales opportunities in the future.
Results for the facilities management division were in line with expectations.
