29th Apr 2016 09:01
LONDON (Alliance News) - London Security PLC on Friday said its pretax profit dipped in 2015 despite revenue edging up, which the company blamed on the move in the euro-sterling exchange rate.
The fire protection products company said its pretax profit fell to GBP18.2 million in the year to the end of December from GBP19.0 million a year earlier.
Revenue grew to GBP101.2 million from GBP100.9 million, but London Security said sales were dragged back slightly by the weakness of the euro. In constant currencies, revenue would have increased 8.9%.
London Security will pay a final dividend of 40.00 pence per share, up from 31.00p a year earlier, taking its total payout to 77.00p.
Shares in London Security were untraded Friday, having last traded at 2,150.00p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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