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LONDON, March 9 (Reuters) - G4S, the world's largestsecurity firm, said it planned to sell more of its businesses inthe next two years, after it took an additional 65 million poundcharge on onerous British government contracts, includingservices for asylum seekers.
The British company said it would exit its G4S Israel, UKUtility services, U.S. Youth Justice services and UK Children'sservices, which along with 38 other divisions previouslyannounced, would raise 250-350 million pounds of proceeds.
G4S, which runs services ranging from moving cash toprotecting ships, is selling weak businesses as it attempts torecover from contract problems in Britain.
The company posted a 5.7 percent rise in underlyingfull-year profit to 427 million pounds ($606 million), helped bystronger demand in emerging markets and North America, whererevenues grew by 8.6 percent and 5.8 percent respectively.
Revenue in Britain however fell by 3 percent.
"Demand for our services remained resilient and growthaccelerated in the second half of 2015, providing good supportfor further operating and financial progress in 2016," saidchief executive Ashley Almanza in a statement.
"In the current economic environment we expect medium termdemand for our services to grow by around 4-6 percent perannum."
The company posted group revenue for the year ended Dec. 31of 6.4 billion pounds, up 4 percent, compared to a year earlier.($1 = 0.7046 pounds) (Reporting by Li-mei Hoang, Editing by Paul Sandle)
