New financial results from Providence (Ingeus)
The Providence Service Corporation (which owns Ingeus) reported its fourth quarter 2015 and full year 2015 results on 10th March 2016.
Ingeus comes within the Workforce Development segment. In addition, this includes Mission Providence in Australia, which had to bear the setup costs and initial startup process of the new employment support contract. This contributed to an overall loss within the WD segment and the overall company.
The UK contribution to revenue was declining as volumes on the Work Programme are declining.