The Capita Group Plc, the London, UK-based business process outsourcing company has announced net profit in for six months to June 30 up 44.3% at 9.5m pounds ($15.1m) on revenue that increased 27% to 150.2m pounds ($238.9m). Capita claims it has profited rom the government’s drive to modernize the public sector and says it it has been faring especially well from the huge, long-term contracts now being offer by local authorities in the UK. The company also boasts of increased penetration of the private sector, which represents over a third of group revenue. It says it has high hopes for the insurance sector after buying a 20.5% stake in the Eastgate Group Ltd, which it describes as a market leader in outsourcing services for the insurance industry.
