Newmark Security posts profits increase

Newmark Security showed recovery in trading Tuesday as the security systems provider announced its half year results.

Newmark Security showed recovery in trading Tuesday as the security systems provider announced its half year results.

The AIM-listed group posted a 32% increase from £6.2m to £8.2m in revenues for the six months to October 31st, 2012.

Profit from operations was £0.8m, up from nil for the same period the previous year.

The asset protection division contributed to a majority of results with revenues up 55% to £5.5m, driven by large orders from the Post Office for cash handling equipment and from financial institutions for Eclipse Rising Screens.

Orders increased 67% for the Eclipse screens, a window allowing easy communication between staff and customers across an open counter.

The group's electronic business saw an 8.0% rise in revenues to £3.3m following a strong performance in the OEM clocks division which attracted new customers throughout Europe.

Earnings per share for the period was 0.14p compared to a 0.02p per share loss in 2011.

"The board is delighted with the recovery in trading profits in the period and anticipates that the results for the full year will be materially above market expectations," Chairman of Newmark Security Maurice Dwek said.

"The board expects that it will recommend the payment of a final dividend for the full year."

Shares soared 21.74% to 1.40p at 13:22 Tuesday.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Free 6 issue trial then continue to