Business
Preliminary Results
Preliminary Results.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 4085K Newmark Security PLC 30 July 2013 \n \n\nNewmark Security plc\n \n(\"Newmark\" or the \"Group\")\n \nPreliminary Results\n \n \nNewmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, today announces its preliminary results for the year ended 30 April 2013.\n \nFinancial Highlights:\n· Turnover increased by 39.9% to £18.3 million (2012: £13.1 million)\n· Gross margin increased slightly to 40.4% overall (2012: 40.2%), but this was after exceptional development cost provisions of £483K (2012: £194K). Gross margin prior to these provisions was 43.0% (2012: 41.7%)\n· Profit from operations was £0.202 million (2012: £0.189 million)\n· Profit from operations before exceptional items was £2.476 million (2012: £0.559 million)\n· Profit from operations for the year was after £0.483million impairment provision against certain development costs and £1.791 million impairment provision against goodwill (2012: after provision against development costs £0.194 million and legal costs 0.176million)\n· Earnings per share of 0.03 pence (2012: 0.04 pence). Earnings per share before impairment provisions was 0.54 pence (2012: before impairment provisions and legal costs 0.12 pence)\n· Cash flow from operating activities increased to £2.960 million (2012: £2.114 million)\n \nCommenting on the results Maurice Dwek, Chairman of Newmark Security PLC, said: The Board is delighted that it has been able to reintroduce a recommendation for the payment of a dividend for the year. A trading update was issued in June this year in view of the increased levels of trading that the Group was experiencing from a number of contracts. As stated both at the time and in previous years, the timing of these contracts is dependent upon our customer requirements and therefore turnover can vary significantly year on year. In view of the very high sales experienced last year, the Board does not expect the same volumes to be repeated in the current year but does anticipate another successful year.\n \nFor further information:\n\n\n\n\nNewmark Securi...