Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWestminster Group Share News (WSG)

Share Price Information for Westminster Group (WSG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.50
Bid: 2.40
Ask: 2.60
Change: 0.10 (4.17%)
Spread: 0.20 (8.333%)
Open: 2.45
High: 2.50
Low: 2.45
Prev. Close: 2.40
WSG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Westminster Group expects dip in revenue on challenging second half

Thu, 04th Mar 2021 15:08

Westminster Group PLC - Banbury, Oxfordshire-based security systems provider - Says second half of 2020 "more challenging" than first half but says 2020 was "encouraging". Expects 2020 revenue about GBP10 million, down from GBP10.9 million in 2019, and expects a pretax loss broadly in line with market expectations. Pretax loss was GBP1.4 million in 2019.

"Our West African airport operations were completely closed for several months, reopening only at the end of July 2020 with significantly reduced traffic volumes, even lower than we experienced during the height of the Ebola crisis. However, we witnessed a steady and sustained improvement in passenger numbers towards the end of the 2020 year, which is encouraging for 2021," company explains.

Also notes training and guarding operations were "heavily impacted" in the second half and the spike in Covid related sales it saw in the first half "dwindled" as companies retrenched and reduced spending due to uncertainty.

Says 2021 revenue and pretax profit will meet market expectations and outlook is "positive".

Current stock price: 4.08 pence

Year-to-date change: down 1.7%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
19 Nov 2014 11:40

Westminster Group wins West African ferry deal

Security and fire protection product supplier Westminster Group has secured a 21-year deal from an unidentified West African country to manage several new ferry terminals and to run a sea ferry transfer service. Westminster said the new concession and lease agreement, which is expected to g

Read more
27 Oct 2014 10:43

Westminster Group's charity launches Ebola crisis appeal in West Africa

Westminster Group Foundation has launched an Ebola crisis appeal in West Africa in order to "try and alleviate some of the suffering caused by the outbreak". The charity is part of Westminster Group, whose operations and share price have been affected by the Ebola virus. The security group saw seve

Read more
27 Oct 2014 09:43

Westminster Group Launches Ebola Charity Appeal

Read more
14 Oct 2014 15:24

Westminster Group Slides As Gambia Bird Is Blocked From Resuming Flights

Read more
7 Oct 2014 11:29

Ebola hits Westminster Group but flights resume

Security systems and product supplier Westminster Group reported disruption to its airport operations in West Africa from the impact on air travel of the Ebola virus but said an airline was resuming flights. Westminster said Ebola had forced several airlines to temporarily suspend flights into affec

Read more
7 Oct 2014 08:04

Westminster Says Gambia Bird To Restart Flights Following Ebola Suspension

Read more
7 Oct 2014 07:54

Some Ebola flight restrictions lifted says Westminster Group

Safety and security product supplier Westminster Group has announced that Gambia Bird, one of the airlines that suspended flights due to the West African Ebola outbreak, is due to resume business as usual shortly. Several airlines had halted flights into the affected region while other airlines incl

Read more
2 Oct 2014 14:58

Air industry battles Ebola with heat scans and handwash

* Emirates chief says demand to Africa from Asia suffering * IATA says air travel safe, transmission risk onboard low * Passengers undergo temperature scans at African airports * Brussels, Royal Air Maroc still flying to crisis areas By Victoria Bryan BERLIN, Oct 2 (

Read more
30 Sep 2014 09:23

Westminster Group Losses Widen; Signs Mexico Franchise Contract

Read more
17 Sep 2014 13:46

Westminster Group airport volumes higher despite Ebola concern

Westminster Group, which provides security for two airports in Liberia and Sierra Leone, said passenger volumes were still higher than last year despite the outbreak of the Ebola virus leading to several airlines suspending flights into the region. AIM-listed Westminster said volumes in the year to

Read more
17 Sep 2014 10:41

Westminster Group Says Passenger Volumes Up Despite Ebola Outbreak

Read more
18 Aug 2014 14:02

BUZZ-Westminster Group: Down on Ebola update

** Security services provider Westminster Group Plc's shares down 5.7 percent to 48.10 pence. ** Co expects suspensions in air travel in West Africa due to the outbreak of the Ebola virus to affect its numbers for August (abhiram.nandakumar.thomsonreuters.com@reuters.net)

Read more
18 Aug 2014 12:53

Westminster Expects Flight Suspensions To Hit August Passenger Numbers

Read more
11 Aug 2014 12:52

Westminster Group wins African ferry service deal

Security and fire protection product supplier Westminster Group has signed a deal worth up to $300m to provide infrastructure and management services for a new ferry route in Africa. Westminster and 50/50 joint venture partner, UK sea ferry company CWind, have signed an initial agreement with an un

Read more
11 Aug 2014 11:23

UK MIDDAY BRIEFING: RBS Mulls Sale Of Coutts International

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.