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Date: Wednesday 27 Aug 2008

LONDON (ShareCast) - Times may be hard elsewhere, but business is booming for security group G4S, with both sales and profits well ahead in the first half of 2008.

First half sales rose by 19.3% to £2.7bn (2007:£2.26bn)with organic growth of 10.5%. All regions and business segments of the cash collection and manned guarding firm showed good performances,it said.

Underlying profits rose by 19.4% to £174.8m, from £146.4m, with pre-tax profits up from £96m to £109.4m.

"Despite the well-reported difficulties in the economies of a number of international markets, trading is ahead of where we expected it to be at the half year," chief executive Nick Buckles said.

"Overall, we have delivered an excellent performance for the first half of 2008 and we are very confident for the remainder of the year," he said. More acquisitions in both developed and new markets are likely, he indicated.

The interim dividend is upped by 30% to 2.75p.

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