Security company reports 40% fall in pre-tax profits and reveals contract to house asylum seekers has already cost it £31mThe private security giant G4S has warned its shareholders that it may lose £57m whether the domestic Office extends its contract to house destitute asylum seekers for a further two years.
The warning came as its shares dropped by more than 10% after reporting a 40% fall in its pre-tax profits due to rising losses on a series of contracts including a £31m loss on its contract to house 18000 asylum seekers in Britain.
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Source: theguardian.com