29th Apr 2022 11:47
Westminster Group PLC - London-based security company that specialises in fire, safety, security and defence - Pretax loss widens in 2021 due to impact of Covid-19. Annual pretax loss more than doubles to GBP1.9 million from GBP761,000 in 2020. Revenue falls 28% to GBP7.1 million from GBP9.9 million. Has positive outlook for 2022, though, "as the worst impact of the global Covid-19 pandemic recedes, travel restrictions are being lifted and business confidence is beginning to return," Chief Executive Peter Fowler says.
Current stock price: 2.29 pence, down 4.6% on Friday
12-month change: down 44%
By Tom Budszus; [email protected]
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