News blog

Croma Security Solutions Group

• BY: Andrew Hore |
• POSTED: 27/02/2014 |

Security services provider Croma Security Solutions Group intends to pay a full year dividend.

In the six months to December 2013, revenues improved from £6.78m to £7.31m, while underlying profit moved ahead from £224,000 to £251,000. Working capital reductions meant that cash generation was strong in the period. Net cash was £725,000 at the end of 2013.

Gross margins are coming under pressure but the company has held down admin costs.

House broker WH Ireland expects full year profit to double to £400,000.

At 31.13p a share, down 2.88p, Croma is valued at £4.7m. The shares are trading on 15 times 2013-14 prospective earnings.

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