Security firm declares its end of year results with a £1.2m profit before tax

A security firm has announced positive end of year financial results.

Croma Security Solutions Group pl has announced a 13 per cent uplift in EBITDA to £1.98m (2020: £1.75m) and a generated revenue of £32.5m (2020: £32.3m).

The firm has also declared an increase in profits before tax to £1.21 m (2020: £0.09m) in addition to a strong cash position of £5.4m as on June 30 2021 (2020: £4.1m)

The company also claimed a 2.6 per cent increase in total dividend for the year to 2.0p (2020: 1.95p) reflecting confidence in the outlook for all Group businesses.

Croma stated that its success is down to “consistent demand for the Group’s security services from existing customer base augmented by new client wins.”

Sebastian Morley, chairman of CSSG, said: “These results were ahead of internal expectations and reflect, in our view, the Group’s operational resilience to the challenges generated by the pandemic.

The business is well placed to deliver an increasing dividend income to shareholders whilst retaining a sufficiently strong balance sheet to support further investment. The combination is intended to offer our shareholders a combination of future income and capital growth.“

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