SECCF - Serco Turnaround Enters Growth Stage
Serco (OTCPK:SECCF) is one of the world's leading suppliers of services to governments (B2G) serving state and local administrations across five different areas: Defense, Health, Justice and Immigration, Transport and Citizen Services.
Serco's revenues are mainly derived from the UK Central and Local Governments (about 45%), although it also has a large presence in North America (USA, Canada), the Middle East and the Asia Pacific region (mainly Hong Kong, Australia and New Zealand).
Around mid 2013, the company was hit by a perfect storm which lead it into a full-year 2014 net loss