News blog

Pentagon Protection

• BY: Andrew Hore |
• POSTED: 23/02/2014 |

Pentagon Protection produced better than expected figures for the year to September 2013.

Revenues improved from £1.96m to £5.36m, while there was a swing from a loss of £523,000 to a profit of £391,000. There was positive cash flow which helped to reduce net debt to £346,000. All the debt is provided by the chairman. Pentagon is still losing money in the US.

Revenues from protective film almost doubled but security products revenues more than quadrupled to £2.83m making it the biggest part of the business. However, much of the security products increase came from a UK defence order which is not likely to be repeated. The gross margin improved from 31% to 36%. Overheads rose by one-fifth but that was mainly down to a bad debt provision and currency losses.

The sales pipeline is valued at £19.4, with nearly three-quarters of this business in Africa.

At 11.5p a share, up 0.38p, Pentagon is valued at £1.28m.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFFebruary2014_53.pdf