But the company expressed ongoing concerns over its events revenue stream.
"As expected, like-for-like revenue has continued to weaken in parts of the Business & Industry and Sports & Leisure sectors, as clients have reduced discretionary spend on event catering, corporate hospitality and headcounts," said the company in its financial statement.
The Compass Group said its profit before tax for the six months ending 31 March was £405m, compared with £289m a year earlier.
In March, Event reported the company, which has been hit by stock market instability, was freezing the pay of 1,000 of its senior management in its UK and Ireland business. Compass is reviewing the situation in July.
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