Business
Half Yearly Report
Half Yearly Report.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 2098N Newmark Security PLC 28 January 2016 \n\n\n\n\n\nPress Release \n\n\n28 January 2016\n\n\n\n\n \nNewmark Security plc\n(\"Newmark\" or the \"Group\")\n \nInterim Results\nFor the six months ended 31 October 2015\n \nNewmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, is pleased to report today on its interim results for the six months ended 31 October 2015 which were in line with market expectations for a period of product and market development. \n \nKEY POINTS:\n \n· Revenue of £11.2m (2014: £11.9m) \n· Profit from operations was £765k (2014: £1,568k)\n· Earnings per share of 0.15 pence (2014: 0.31 pence)\n· Cash flow from operating activities was £2,127k (2014: 2,122K). Overall cash inflow in the period was £1,189k (2014: £923k)\n \nAsset Protection Division\n \n· Revenue decreased by 3% from £7.8m to £7.6m with lower volumes from certain major customer programmes \n· Growing blue chip customer base \n· Initiatives to develop larger CCTV and Door Automation revenue streams continue\n \nElectronic Division\n \n· Revenue decreased by 13% from £4.1m to £3.6m\n· Secured a 10 year contract with a major Global Workforce Management partner for the next generation of workforce terminals, with guaranteed minimum sales of $6m over the first five years expected to start in the second half of the current year\n· Product and market development including a new office opened in Hong Kong\n \n \nCommenting on the results, Maurice Dwek, Chairman of Newmark, said: \n \n\"Profit for the year is forecast to be in line with market expectations. As stated in the last annual report, revenue from the Asset Protection Division was expected to be lower for the current period due to lower volumes of some major customer programmes for the current year. The profits of the Group for the current year were also expected to be lower than the previous year with a focus on new market and product development, including the opening of the new office in Hong Kong, from which the benef...