23 Feb 2009 07:00
23rd February 2009
Westminster Group Plc:
Pre-close trading update and
Notice of 2008 Preliminary Results
Westminster Group Plc ('Westminster' or the 'Group'), the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, will announce preliminary results for the year ended 31st December 2008 on Friday 24th April 2009.
Historically, the business has shown a seasonal revenue pattern, with a bias towards the second half of the year, which was repeated in 2008. The order book at the year end stood at £4.2million, compared with £1.5m at 31st December 2007.
Taking the year as a whole, the Board is satisfied with the Group's trading performance in 2008 which is in line with market expectations. Westminster has no borrowings and at 31st December 2008 had net cash of £570,000.
Enquiries:
Peter Fowler 01295 756 300
Chief Executive - Westminster Group Plc
Charlie Cunningham 020 7600 1658
FinnCap
Tom Cooper/Paul Vann 0117 920 0092
Winningtons Financial
Notes:
Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide.
Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations.
Westminster Group (WSG)