Croma Security Solutions Group (CSSG)

Sector:

Defense and Aeronautics

Index:

FTSE AIM All-Share

 70.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 99.00
  • 52 Week Low: 58.00
  • Currency: UK Pounds
  • Shares Issued: 14.90m
  • Volume: 2,013
  • Market Cap: £10.51m

Croma Security Solutions profit falls on lower revenue

By Duncan Ferris

Date: Monday 21 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Croma Security Solutions on Monday reported a drop in annual profits as revenues inched lower, though the company still upped its dividend.
The security services provider booked a profit before tax of £1.4m for the year ended 30 June, 27% lower than in the year before, as revenue drifted 1% lower to £34.6m.

Even so, the AIM traded company hiked its final dividend by 10% to 1.1p per share, meaning the year's total dividend payout increased from 1.6p to 1.8p.

The drop in revenue came as the business missed out on the benefit of significant levels of short-term, higher margin project work that had boosted results in 2018.

Trading was instead notable for an increase in the levels of contracted work, which jumped from 72% to to 79% of total revenues.

Meanwhile, the newly released PROception package, a service which makes the reception part of a building's security, beat expectations to secure annualised revenues £0.8m in its first year.

Since the end of the year, Croma said an increased requirement for its services has already created a step change in the financial performance of the business due to heightened concern over threats to security of individuals, customers and assets.

Chairman Sebastian Morley said: "While one-off project work distorts comparisons with 2018, the underlying run rate in earnings has more than doubled over the last three years driven by the increase in contracted income. This, together with our progress towards developing a national chain of security centres and the speed with which the PROception concept has caught on, has made this another good year for the business."

Croma Security Solutions shares were down 8.60% at 85.00p at 1112 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CSSG Market Data

Currency UK Pounds
Share Price 70.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 99.00
52 Week Low 58.00
Volume 2,013
Shares Issued 14.90m
Market Cap £10.51m

CSSG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.38% above the market average71.38% above the market average71.38% above the market average71.38% above the market average71.38% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
35.95% below the market average35.95% below the market average35.95% below the market average35.95% below the market average35.95% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
31.91% above the market average31.91% above the market average31.91% above the market average31.91% above the market average31.91% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average73.04% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

CSSG Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 07-Nov-19
Paid n/a 29-Nov-19
Amount 0.000p 1.10p

Trades for 10-Jul-2020

Time Volume / Share Price
08:01 2,013 @ 71.50p

CSSG Key Personnel

CEO Roberto Fiorentino
Finance Director Richard Juett

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