6th Nov 2014 09:12
LONDON (Alliance News) - Croma Security Solutions Group PLC saw it shares fall in early trade on Thursday, despite the company posting a rise in pretax profit in its fiscal year to the end of June as a rise in revenue over the period outpaced an increase in costs.
Croma said its pretax profit the year to June 30 was GBP304,584, up from the GBP43,376 posted a year earlier.
Revenue for the group came in at GBP14.8 million against GBP13.3 million last year, with costs increasing to USD11.2 million from GBP10 million a year before.
Its Croma Vigilant business saw a rise in operating profit to GBP416,000, against GBP330,000 last year, with revenue increasing 10.5% for the division. Croma Security Solutions also performed well over the year, but its Locksmiths business struggled in a competitive market.
Croma shares were among the worst performers in the AIM All-Share in early trade, down 6.3% to 41.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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