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Mortice FY revenues up on acquisitions but pre-tax profits lower

Tue, 30th Aug 2016 12:32

(ShareCast News) - AIM-listed security and facilities management company Mortice said full year pre-tax profits fell to $1.6m from $2.2m reflecting the impact of one-off acquisition costs totalling $0.75m.Revenues rose to $133.5m from $88.4m as the firm added 300 clients and took over UK-based property service company O&G for up to £6.3m in cash and shares. It also took a 51% stake in Frontline, a company incorporated in Singapore for a maximum £1.89m in cash.Executive chairmann Manjit Rajain said the acquisitions of O&G and Frontline had boosted growth."We have laid the foundations for continued growth and have a healthy pipeline in place. Furthermore, we are extremely pleased by our growing presence in the UK and the strong performance of O&G," he said."Underpinned by increasing levels of visibility and repeat business, the company is well positioned to further scale up its operations and build on the momentum achieved. We very much look forward to updating the market with further developments in due course."
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15 Jul 2019 17:46

Mortice Asks Shareholders For Permission To Cancel Shares On AIM

(Alliance News) - Mortice Ltd said Monday cancelling its shares on London's AIM are in the "best interests" of the company's shareholders.Mortice will hold an meeting on 7

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27 Sep 2018 14:39

Mortice loses 18pc of UK revenue as it fails to renew major contract

(Sharecast News) - Security and facilities management company Mortice announced on Thursday that its subsidiary Tenon FM lost a competitive bid for its existing UK contract with University College London (UCL).

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27 Sep 2018 13:58

Mortice Loses University College of London Contract, 18% Of UK Revenue

LONDON (Alliance News) - Mortice Ltd, a security and facilities management company, said Thursday its unit Tenon FM has lost a competitive bid for its existing contract with University College of

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17 Sep 2018 16:08

UK Shareholder Meetings Calendar - Next 7 Days

Tuesday 18 SeptemberNorthgateAccsys TechnologiesMediazestVan Elle 19 Workshop Trust

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23 Aug 2018 14:20

Mortice performs well despite UK challenges

(Sharecast News) - Security and facilities management company Mortice announced its audited results for the year ended 31 March on Thursday, reporting a 21% rise in revenues to $219m.

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23 Aug 2018 10:41

Mortice Revenue Rises But Annual Profit Declines On Higher Expenses

LONDON (Alliance News) - Mortice Ltd on Thursday said its profit declined in its most recently ended financial year, hurt by costs associated with an internal restructuring.The security for

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1 Aug 2018 14:47

Mortice expects results to be broadly in line with prior year

(Sharecast News) - Security and facilities management company Mortice updated the market on its trading for the 12 months ended 31 March on Wednesday, reporting a 21% improvement in revenue to $219m.

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1 Aug 2018 11:33

Mortice Shares Fall As It Warns On Annual Profit Decline

LONDON (Alliance News) - Security and facility management firm Mortice Ltd on Wednesday predicted a drop in annual profit as the UK market continues to prove difficult.For the 12 months to

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1 May 2018 11:59

Mortice Buys Remaining 49% Frontline Security Stake For GBP1.9 Million (ALLISS)

LONDON (Alliance News) - Security services firm Mortice Ltd said Tuesday it bought the remaining 49% stake in a Singapore security services subsidiary for GBP1.9 million.Mortice acquired in

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10 Jan 2017 09:14

Mortice hires new CFO after rapid first-half growth

(ShareCast News) - Mortice, an AIM listed security and facilities management company, has appointed Sandeep Kumar Gupta group chief financial officer with immediate effect as it continues to grow at a rapid pace. According to interim result released between Christmas and New Year's Eve, group revenu

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28 Dec 2016 11:29

Mortice's revenue surges as it gains nearly 260 new clients

(ShareCast News) - AIM-listed facilities manager Mortice's interim revenue surged as it gained nearly 260 clients including Amazon, Samsung, Procter & Gamble and Renault Nissan. Revenue climbed 79% to $91.1m for the six months ended 30 September, compared to last year, while revenue from the Man Gua

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17 Oct 2016 09:22

Mortice growth in line with expectations in first half

(ShareCast News) - Mortice Limited, an AIM listed security and facilities management company, is on track to meet its expectations for the first half ended 30 September 2016. The India based firm reported year-on-year revenue growth of over 57%, including the first full contributions from its acquis

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16 May 2016 08:24

Mortice Appoints Indian Tax And Law Experts To Board

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4 May 2016 08:06

Mortice Expects To See Full-Year Revenue Growth Of At Least 40%

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