27th Feb 2014 13:14
LONDON (Alliance News) - Croma Security Solutions Group PLC said Thursday revenue rose 7.7% for the first-half, as it continues to target high value security projects as firms work to reduce corporate spending.
The security firm said group turnover rose to GBP7.31 million for the half-year to December 31 2013, up on GBP6.79 million last year.
PBT grew to GBP144,000 from GBP90,000 the comparable half, said the firm, and earnings before interest, taxation, depreciation and amortisation of GBP0.3 million from GBP0.28 million last year.
Gross profit remained steady during the half-year, in at 24.8%, compared to 25.8% for the half-year 2012.
The Vigilant and CSS Locksmiths divisions grew their turnover by 5%, and Croma Security by 27%, said the company.
Looking ahead, the firm said it believes it is well positioned for the coming year, boosted by the recent investment in new products, management systems and the identification of operational efficiencies.
Croma added, "With continued trading present level through the second half of the year, the board would expect to declare a dividend on the full year results."
Shares in Croma were trading down at 7.72% at 31.375 pence per share Thursday afternoon.
By Alice Attwood; [email protected]; @AliceAtAlliance
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