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Mortice growth in line with expectations in first half

Mon, 17th Oct 2016 09:22

(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 acquisitions of Office and General (O&G) in the UK and Frontline Security in Singapore in 2015.With both acquisitions performing well the company expects total revenues for the first half to be at least $80m, compared to $51m in the previous period.During the period, the business won several new contracts and was appointed to a framework with the London Universities purchasing consortium.The company operates under two brands, Peregrine, which provides guarding and security services, and Tenon, which provides a full range of facilities management services.Revenues from security services are expected to be around $43m compared to $34.5m the same period a year ago. Facilities Management services are expected to achieve revenues of $37m compared to $16.5m in 2015.The company is on track to deliver a total full year revenue of at least $170m, which is in line with the firm's market expectations.The share price rose 5.14$ to 92p at 0950 BST on Monday.
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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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30 Aug 2016 12:32

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

(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 prop

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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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