Croma Security Regulatory News (CSSG)

1 Feb 2008 08:47

Croma Group PLC01 February 2008 CROMA GROUP PLC ("CROMA" OR "THE GROUP") TRADING UPDATE The Board of Croma, the AIM listed surveillance security and homeland defencespecialist, is pleased to provide the following trading statement which will bemade by the Chairman at the Company's AGM to be held later today. John French, Non-Executive Chairman, presented an update on trading for the yearto December 2007, reporting unaudited accounts showing a turnover for the sixmonths period of £3,568,399 compared with £2,644,230 for the same period lastyear; an increase of 35%. Profit before taxation, goodwill and amortisation forthe period is £152,952 compared with a loss for the same period last year of£310,823. This represents a maiden profit for the Company. Mr French indicated that current trading is continuing to show improvement withprospects for the remainder of the year expected to benefit from further newbusiness gains from new and existing customers with benefits beginning to showas a result of cost savings and efficiencies introduced during recent months. Full details will be announced with the half year results expected to bereleased on 31 March 2008. Commenting on current trading, John French said "I am encouraged by what istaking place within the Company and the trading prospects for future growth. Asindicated in my Chairman's statement with the year end results, I am standingdown from the Board, together with Non-Executive Director Gerard Thompson,confident that my successor, Nick Hewson and CEO Sebastian Morley, who has madea valuable contribution since joining the board following the acquisition of hiscompany, Vigilant, will capitalise on all future opportunities. Finally I wouldlike to thank all my colleagues and shareholders for their support during myperiod in office." Enquiries: Croma Group plcJohn French, Non-Executive Chairman Mobile: 07836 722 482 Seymour Pierce LimitedMark Percy / Jeremy Garrett-Cox 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange