12 December 2017 – trading update
The surveillance and security company has issued a trading update covering the year to 30 November in which it has stated that underlying pre-tax profits are likely to be 10% higher than the previous year on revenues that were broadly flat. Thus pre-tax profits are likely to be £3.0m for earnings per share of some 14.5p. The increase in profits is due to higher margins at the group whilst the net cash position has increased with the net cash balance at the year end being £3.9m compared with £2.2m a year earlier. Further growth is expected in the current year and we believe that the recent share price weakness makes the shares ATTRACTIVE.