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Serco expects bigger profits thanks to Covid test-and-trace work

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Outsourcing company also provides border control and immigration services in the UK

The outsourcing company Serco said has profits will be higher than expected in 2021 owing to greater demand from the UK government for its Covid-19 services, including test and trace.

Serco raised its full-year revenue guidance from £4.3bn to £4.4bn on Monday, helping underlying profits rise to at least £225m, up from previous forecasts of £200m.

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