Business
Interim Results to 31 December 2015
Interim Results to 31 December 2015.
About this update from Croma Security Solutions Group Plc
[{"type":"text","content":"\n \nRNS Number : 0847Q Croma Security Solutions Group PLC 25 February 2016 \n\nCROMA SECURITY SOLUTIONS GROUP PLC\n(LON:CSSG)\nINTERIM RESULTS FOR SIX MONTHS TO 31 DECEMBER 2015\nCroma Security Solutions Group plc (the \"Group\") the AIM listed total security services provider announces its unaudited interim results for the six months to 31 December 2015.\nHIGHLIGHTS\n· Revenue up 4% to £8.6M (six months to 31 December 2014: £8.3M)\n· Acquisition of Access Locksmiths Limited on 8 December 2015.\n· £4m of new turnover from the acquisition and new contract wins. \n· Net Assets £10.3M (31 December 2014: £9.1M) \n· Gross Profit: £1.91M (six months to 31 December 2014: £1.96M) \n· EBITDA* £0.32M (six months to 31 December 2014 £0.42M)\n· Dividend of 0.4p per share declared and paid in January 2016 (2104: 0.3p per share)\n \n* Earnings before interest, tax, depreciation, and amortisation. \nFor further information visit www.cssgroupplc.com or contact:\n \nCroma Security Solutions Group PLC\nSebastian Morley, Chairman Tel: +44(0)7768 006 909\n \nWH Ireland Limited\nPaul Shackleton / Nick Prowting Tel: +44 (0)207 220 1666\n \nChairman's Statement\n \nI am pleased to report the financial results for the six months to 31 December 2015 which demonstrate steady and consolidating performance for the Group, and a solid start to this financial year. Against a background of a significant acquisition, development costs and expansion we have generated good profits and are well set to meet our full year forecast.\n \nDuring the period turnover increased by 4% to £8.62M. This is very pleasing as it is based on some very strong new client wins, and is measured against an exceptional first half of 2014 when we had £0.5M of revenue from the Commonwealth Games. Operating profit margin has returned to expected levels at 2.1%, with EBITDA of £0.32M (2014 H1 £0.42M). We have experienced additional costs in the creation of our branch in ...