Octavius profit rises under new private equity ownership
Octavius profit rises under new private equity ownership
Abstract
Pre-tax profit for year to March 2022 jumped just over a quarter to nearly £6m on revenue dipped by 7% to £191m. Cash held at year-end increased to £8.3m from £5.8m largely due to improved profit for the year. During the year overall average staff numbers rose 11% to 422.4m. Chief executive John Dowsett said Octavius had set a course to improve inclusivity and diversity in the business. Plan to raise the proportion of female staff from 16% this year to 20% to 20 per cent by March 2022/2023.
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