Croma Security Solutions Group (AIM:CSSG) – promising results, but what of the future?
The security services provider has issued excellent results for the year ending 30 June 2018, but the headline attraction is still struggling to deliver on its significant potential. What does the future hold?
Croma Security Solutions Group (AIM:CSSG), the AIM listed total security services provider, reported a 59% rise in Group revenues to £35.1m, pre-tax profits materially higher at £1.98m (2017: 0.36m) and earnings per share at 9.89p (2017: 2.13p). This results in a very modest historic price earnings multiple of only 9.8x at the current share price of 97p, however, the future is of greater significance!
Operating cashflow was also excellent at £2.69m (2017: £1.2m)…
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