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

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021