4th Sep 2018 09:33
LONDON (Alliance News) - Shares in Croma Security Solutions Group PLC soared on Tuesday as the company said it generated "record profit" in financial 2018 on the back of public safety and terrorism concerns.
Shares in the security solutions company were trading 8.3% higher at 105.60 pence each.
For the 12-month period to June 30, the company said that it expects to report earnings before interest, taxes, depreciation and amortisation of "not less" than GBP2.4 million, up from GBP800,000 a year ago.
"Increased demand across the UK for premium security services from both the public and private sector, driven by concerns over public safety, government outsourcing and heightened terrorism threats, has benefited the group," Croma said.
Demand for the company's products in Croma Vigilant, which employs over 1,200 security professionals to guard assets and individuals, increased significantly, the company said.
Croma Systems, which provides CCTV, intruder alarms, and high security locks, also benefited from a general uplift in demand across its business activities, the company added.
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