14 Oct 2014 09:33
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Don't have an account? Click here to register.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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16 Jul 2014 09:44
14 Apr 2014 08:22
Mortice Subsidiary Signs Joint-Venture Agreement With Tanami Holding Co.
LONDON (Alliance News) - Mortice Ltd said Monday its subsidiary, Tenon Property Services Private Limited, has signed a joint venture agreement with Tanami Holding Co., to provide Tenon the opportunity to service clients in the Middle-East. The facilities, property and project management fir
Read more9 Apr 2014 09:42
Mortice Subsidiary Signs Memorandum Of Understanding With Meghalaya Government
LONDON (Alliance News) - Mortice Ltd Wednesday said that its subsidiary Peregrine Guarding Services has signed a memorandum of understanding with the Meghalaya government in India, for the training of candidates in the security and guarding industry, to be deployed across India once qualified.Read more
18 Mar 2014 08:59
Mortice Unit In Sports Infrastructure Partnership Deal With Amsterdam ArenA
LONDON (Alliance News) - Mortice Ltd Tuesday said its Tenon Property Services unit has signed a cooperation agreement with Dutch sports arena specialist Amsterdam ArenA to jointly maintain sports infrastructure projects in India and to advise on training, safety, security and facility management.
Read more20 Dec 2012 09:11
Mortice announces new CEO and CFO
Mortice announced Thursday the appointment of Basil Arun Keelor as Group Chief Executive Officer (CEO) and Vishnu Sultania as Group Chief Financial Officer (CFO). The AIM-listed security and facilities management company said the new CEO and CFO would start immediately. Keelor is an ex-marine eng
Read more8 Aug 2011 08:43
Mortice jumps into profit
AIM listed Mortice leapt into the black, hailing a "truly momentous" year for the firm. The India-focused security and facilities management company posted pre-tax profits of $1.28m for the year to the end of March. This compared to a loss of $0.71m the previous year, as revenues grew by 52%. Man
Read more21 Jun 2010 11:34
Small caps round-up: Connemara Mining, Circle Oil, Kenetics...
Irish zinc explorer Connemara Mining has intersected additional high grade zinc-lead mineralisation 400m to the southwest of the Stonepark North discovery in Limerick. "The Stonepark discovery in Limerick is getting bigger and better," said chairman John Teeling. Circle Oil is "even more convince
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