Westminster Group PLC - London-based provider of security services for sensitive places such as ports, airports and commercial buildings - Posts revenue of GBP9.5 million for 2022, up 35% vs GBP7.1 million in 2021. Pretax loss narrows to GBP365,000 from GBP1.9 million, as gross profit rises to GBP5.1 million from GBP3.3 million a year earlier. Looking ahead, says it starts 2023 on a positive note with the first quarter trading ahead of budget, expecting 2023 to be a record year. Says it is experiencing "increasing levels of enquiries from around the world for our products and services".
Chief Executive Officer Peter Fowler says: "Not only did we significantly increase year on year revenues, but we secured and delivered some notable and important accomplishments during the year such as providing an extensive screening solution for the late Queen Elizabeth II's funeral event in September 2022, which was a great honour."
Current stock price: 1.51 pence each, up 31% on Thursday morning in London
12-month change: down 19%
By Xindi Wei, Alliance News reporter
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Westminster Group (WSG)