30 April 2021 | 07:32am
StockMarketWire.com - Technology-based security solutions firm Westminster has reported a loss after tax of £0.7 million.
However, it is an improvement on 2019’s loss of £1.3 million.
The group reported a strong and profitable first-half performance, delivering a 24% increase over the first half of 2019, although the second half of 2020 was more challenging due to travel restrictions.
Travel restrictions and airport closures materially affected airport managed services, training and guarding business but was offset by growth in product sales and port services.
Peter Fowler, chief executive, welcomed the news that the group “entered the year debt-free, other than minor operating leases.”