Summer Olympics




G4S profits fall by a third following Olympic security shambles

By Emily Goddard

g4s olympic parkMarch 13 - G4S has posted a 32 per cent fall in pre-tax profits from £257 million ($384 million/€296 million) in 2011 to £175 million ($261 million/€201 million) last year following the Olympic security shambles that saw the security group failing to meet the conditions of its £284 million ($425 million/€327 million) contract with London 2012.