Overview
Operating profit before amortisation up 42% to 465,888 on turnover of
7,071,631 up 56%
Net assets up 31% to 4,416,632
Appointed as preferred security services supplier to the London
Universities Purchasing Consortium
Acquisition of the keyholding and mobile patrol contracts of Abbot
Security Services on 1 April adds significantly to the mobile patrol
division.
'This first six months has produced good results with increases in turnover and
profits as well as recognition of our high client service levels with increased
organic growth and the award of preferred supplier status to the London
Universities Purchasing Consortium. The acquisition of the mobile patrol and key
holding business of Abbot Security Services on 1 April will further enhance our
service offering in London.
I am particularly pleased that we have continued to improve the quality of
service offered to clients and staff alike and maintained a high staff retention
rate during this growth phase of the Company. This is not only rewarding in the
short term but I feel it will stand us in good stead when facing the challenges
and opportunities arising from the licensing of security officers when this is
imposed on the manned guarding sector. '
David Marks
Chief Executive
Chairman's statement
I am pleased to announce our results for the six months ended 31 March 2004,
which show turnover up 56% to 7,071,631 (2003: 4,528,045), operating profit
before amortisation up 42% to 465,888 (2003: 328,783) and pre-tax profits up
45% to 306,759 (2003: 211,437).
http://www.uk-wire.com/cgi-bin/articles/200406210700029202z.html