Croma Security Solutions Group, a prominent security-services provider, has announced positive financial results for the year ended June 30. The company reported a significant increase in revenue and a swing to a pretax profit. These impressive figures have fueled a surge in the company’s shares.
Financial Achievements
- Pretax profit swung from a loss of GBP612,000 to a profit of 3.2 million pounds ($3.9 million).
- Revenue rose from GBP5.8 million to GBP8.0 million.
It is worth noting that these figures do not include the performance of Croma Vigilant, as the company had previously decided to sell it to focus on its core businesses. The sale of Vigilant generated GBP6.5 million, along with intercompany balances of GBP1.1 million payable to the company.
Dividend Increase
The board of Croma Security Solutions Group has declared a total dividend of 2.2 pence per share, marking an increase from the previous year’s dividend of 2.1 pence.
Positive Outlook for the New Year
Chief Executive Roberto Fiorentino expressed confidence in the company’s future performance, stating that the new fiscal year has started strongly with several new commercial orders and sales. Furthermore, he mentioned that there are promising acquisition opportunities in the pipeline.
In summary, Croma Security Solutions Group has delivered an outstanding financial performance, posting a pretax profit and substantial revenue growth. With a positive start to the new year and exciting prospects on the horizon, the company is well-positioned to continue its success.
