21st Feb 2024 12:40
(Alliance News) - Croma Security Solutions Group PLC shares rose on Wednesday, after reporting higher half year revenue and profit.
Shares in the Whiteley, England-based security services provider were up 8.8% to 72.91 pence each in London on Wednesday.
In the six months ended December 31, revenue jumped 13% to GBP4.3 million from GBP3.8 million a year earlier.
Pretax profit climbed to GBP362,000 from GBP254,000.
Croma said that its businesses performed in line with management expectations in the first half of its financial year, delivering organic and acquisitive growth.
Looking ahead, Croma said that it had made a "promising start" to the second half of its financial year, and noted its "solid pipeline".
As with the previous year, Croma has not proposed an interim dividend, but said that it intends to declare a "single final progressive dividend" with its financial 2024 results.
Chair Jo Haigh said: "I am delighted by our resilient performance to date, achieved in spite of a difficult macro backdrop. Our growth in profits is all the more impressive given the investment that we have made in the business over the period. This very much underlines that our decision to refocus the business is the right one."
By Sophie Rose, Alliance News senior reporter
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