British defence and security technology firm QinetiQ reported a 10 percent rise in annual underlying operating profit on June 07 in its first results since listing in February.
QinetiQ reported 90.7 million pounds ($169.5 million) in earnings before interest, taxes, non-recurring items and acquisition amortisation for the year to end-March versus 82.3 million a year ago.
Executive Chairman Sir John Chisholm said in the coming year QinetiQ would continue to focus on US expansion, commercialising technologies for the security sector and UK defence projects.
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