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Serco defends disclosure policies

Serco has defended its policies of disclosure on the performance of the special companies set up to invest in PFI and PPP projects.

The company reported full-year pretax profits up from £40m to £48.9m on turnover up from £1.14bn to £1.33bn.

References: Financial Times 20/02/03 page 20, The Times 20/02/03 page 29, The Daily Telegraph 20/02/03 page 31, page 32 (Questor), The Independent 20/02/03 page 23 (Investment)

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