Outsourcing company Capita Group has posted improved 2002 pre-tax profits of £98.2m, up from £72.1m in 2001.

Outlining its 2002 performance figures Capita said it increased its margins by 12% last year and also made £1.1bn of new contract wins.

Earlier this year, Capita revealed details of an £80m deal to acquire Aurora Corporate Services, the run-off company formed following the collapse of Independent Insurance.

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