25th Feb 2016 09:38
LONDON (Alliance News) - Croma Security Solutions Group PLC on Thursday pushed up its interim dividend even as its pretax profit dipped due to higher amortisation charges.
Croma's pretax profit for the six months to the end of December was GBP159,704, down 41% from the GBP269,510 it posted a year earlier due to higher one-off charges and as its gross margin shrunk to 22.2% from 23.7%.
Revenue rose to GBP8.6 million from GBP8.3 million, driven by contract wins and against a tough comparative which had included sales from the Commonwealth Games. Extra costs were incurred however from the launch of Croma's Abu Dhabi branch and the roll-out of its FastVein product range.
The group expects a strong second half, driven by new contract wins, and pushed its interim dividend up to 0.4 pence per share from 0.3p a year earlier.
Croma shares were untraded on Thursday, having last traded at 46.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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