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Newmark Security

  • BY: Andrew Hore |
  • POSTED: 18/12/2009 |

Security products supplier Newmark Security reported an improvement in profits in the six months to October 2009.

Revenues were 5% higher at 6.99m and pre-tax profit move ahead from 786,000 to 883,000.

Both the electronics and asset protection divisions reported higher profits. The electronics division is investing in developing access control products. They will be due for release at the end of 2010.

Net debt was 902,000 at the end of October 2009. Working capital increases ate into the cash and there was 452,000 of capitalised research and development spending, against 197,000 in the first half of last year.

At 1.45p a share Newmark is valued at 6.53m. The shares are trading on five times earnings generated in the 12 months to October 2009. 

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