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Qinetiq upgrades full-year outlook, shares surge
By Michele Maatouk
Date: Thursday 23 May 2024
(Sharecast News) - Defence technology firm Qinetiq surged on Thursday after lifting its full-year guidance as it reported a jump in underlying profit and revenue.
In preliminary results for the year ended 31 May, the company said underlying operating profit rose 20% to £215.2m, with revenue up 21% to £1.9bn.
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