England-based catering giant Compass Group PLC posted strong profit growth in Q3, owing to cost cuts and pathetic British pound.

Compass said it would go on making progress for the whole year.

The company said, "Compass is continuing to perform well, delivering another quarter of strong growth in operating profit, margin and free cash flow."

Compass, which has contracts with offices, schools and hospitals in 55 countries, said revenues in the nine months to June 30 rose 1.8 percent, down from 3.6 percent rise for the six months to March 31.

Compass also warned that sales are expected to slow further in the final quarter and predicted full-year revenue growth of 1 percent.

Compass further said it had witnessed earnings growth during Q3 as it was buoyed by cost cuts and 105 million pounds enhancement from favorable exchange rates.

It may be noted here that Compass, the world's biggest caterer, whose clients include the Bank of England, Chelsea football, London's O2 arena club, provides employment to around 350,000 people.

In the recent trading, Compass shares closed at 339 pence, down 3.8 percent, valuing the company at 6.53 bn pounds.