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Red24

  • BY: Andrew Hore |
  • POSTED: 13/04/2011 |

Risk management and security assistance services provider Red24 says that its pre-tax profit for the year to March 2011 will be in line with expectations.

This has been achieved even though there have been adverse currency movements. The turmoil in the Middle East has led to increased operational response work.

Revenue increased by one-third to £2.48m in the six months to September 2010. Pre-tax profit improved from £231,000 to £302,000. The interim dividend was increased by 60% to 0.24p a share. Net cash was £1.13m thanks to strong cash generation and limited capex.

At 11.88p a share, Red24 is valued at £5.75m.

Full year figures will be released in June.

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