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IN BRIEF: Westminster shares fall as annual loss more than doubles

ALN

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 £1.9 million from £761,000 in 2020. Revenue falls 28% to £7.1 million from £9.9 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%

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