Statutory Profit Doesn't Reflect How Good Mitie Group's (LON:MTO) Earnings Are

Statutory Profit Doesn't Reflect How Good Mitie Group's (LON:MTO) Earnings Are

Mitie Group plc's recent earnings were strong, but overlooked by the market. The accrual ratio indicates a positive cash flow position, with free cash flow exceeding statutory earnings. Despite unusual items impacting profits, future profitability looks promising.

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