G4S turnaround initiatives bear fruit

The group’s audited financial results show that revenue grew to P200 million for the year ended December, 31 2014 from P188 million in 2013.

In the results commentary, G4S managing director, Michael Kampani stated that the growth in revenue is due to the success of the turnaround initiatives aimed at achieving operational stability, driving sales momentum, attracting new business and contract retention. “Good growth was achieved across all products on the back of significant growth in the cash business and a healthy growth in facilities management and systems businesses,” he said.