Croma Security's revenues soar on contract wins

Croma Security Solutions Group recorded a 57 per cent rise in revenues for the last half of 2012 as demand for the firm's services rose.

Croma Security Solutions Group recorded a 57 per cent rise in revenues for the last half of 2012 as demand for the firm's services rose.

The security provider's revenues increased to £6.78m, compared to £4.42 year earlier, after the firm won significant orders from Odeon Cinemas, Walsall NHS Trust, UK Land and a major Hampshire business park.

Gross profits rose to £1.75m from £0.82m, while gross margin increased from 18.9% to 25.8% due to contributions from integrated systems subsidiaries Croma Security and Croma Locksmith.

Earnings before interest, tax, depreciation and amortisation jump to £0.28m from £0.14m.

The net cash position at the period end was £0.16m while net assets were at £8.47m.

The company said it will focus on driving organic growth and cross selling within the group in order to strengthen its and gross profit in the next half.

Croma's core services include ex-military manned guarding, CCTV, intruder systems, fire systems, biometric identification and access control.

Shares rose 13.65% to 33.50p at 09:03 Friday.

RD

Recommended

Which assets will benefit as the “jam tomorrow” bubble pops?
Investment strategy

Which assets will benefit as the “jam tomorrow” bubble pops?

With tech stocks, cryptocurrencies and many other “long duration” investments crashing hard, the “jam tomorrow” bubble looks to be bursting. John Step…
24 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022
Share tips of the week – 21 January
Share tips

Share tips of the week – 21 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
21 Jan 2022
Seven cheap defence stocks to buy now
Share tips

Seven cheap defence stocks to buy now

We’ve got used to a world without war between major powers, but that era is coming to an end as Russia threatens Ukraine and China eyes Taiwan. Buy de…
21 Jan 2022

Most Popular

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022
Temple Bar’s Ian Lance and Nick Purves: the essence of value investing
Investment strategy

Temple Bar’s Ian Lance and Nick Purves: the essence of value investing

Ian Lance and Nick Purves of the Temple Bar investment trust explain the essence of “value investing” – buying something for less than its intrinsic v…
14 Jan 2022