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Evening Standard
Evening Standard
Business
Rhiannon Curry

RARE PHOTOS: Jump in outsourcing food services boosts compass profits | Vintage Vibes

Catering giant Compass has revealed a surge in profits as demand recovered following the impact of the pandemic (Compass/PA)

A wave of outsourcing by cash-strapped companies has buoyed results at catering group Compass, which posted a 175.2% jump in profits to £1.5 billion for the last year.

The company’s latest set of results also showed statutory revenues climbed 42.5% to £25.5 billion in the year to 30 September, as it recovered much of the losses it suffered during the Covid pandemic and beat market expectations.

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