Croma Security Solutions Group PLC (AIM:CSSG) jumped 15% as the locksmith and fire security firm announced increased sales, profits and margins in its latest annual results.
Having disposed of its manned guarding business Vigilant, Croma has focused on its locksmith's arm, acquiring businesses in Peterborough and Worthing to take the number of its outlets to 16 with the aim of adding 3-5 each year.
Jo Haigh, chief executive, added that the civil unrest at Southport has illustrated to all the importance of good security for individuals, their homes and their businesses.
“Technology is critical to keeping pace with change and it is a key driver to our ambition to establish a nationwide security brand. Currently, there is no such national security brand in the UK.
“We have considerable financial resources, and our acquisition pipeline is extremely promising.
“We therefore have a significant opportunity to add value to acquired business given our expertise and experience.”
Revenues in the year to June rose by 8.9% to £8.7 million with underlying profits [EBITDA] up by 12% to £1.06 million.
The dividend for the year rises by 4.5% to 23p.
Shares climbed 10p to 77p.