Croma Security Solutions Group PLC (LON:CSSG) shares jumped after saying it expects to report record profits for the year, supported by strong demand for its security services following a spate of terrorist attacks in the UK.
In a full year trading update, the security firm said it secured a series of new contracts in its Croma Vigilant and Croma Systems divisions amid heighten terrorism threats and concerns about public safety.
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Croma Vigilant supplies security personnel and Croma Systems provides security technology such as CCTV, alarms, biometrics and locks.
Croma expects earnings (EBITDA) of at least £2.4mln for the year to 30 June 2018, up from £0.8mln a year ago.
“While the group has benefited from a significant proportion of one off contracts there has also been a rise in long-term contracted revenues which points to a step change in the ongoing profitability of the business,” said chief executive Sebastian Morley.
Shares rose 8.3% to 105.6p in morning trading.