The Reliance Security Group PLC has published its interim results for the six months to 26 October last year – results which show that turnover, profits and operating cash flow are all currently standing at record levels.
The Group's markets – in security, electronic surveillance, facilities management and support services – have all continued to show steady growth.

Turnover for the period under review increased by 28.5% to £107.6 million (from £83.7 million in the corresponding period of 2000). Pre-tax profits shot up by 15.9% to £4.5 million. Net cash generated from operations stood at £6.6 million.

Indeed, the Group's security arm has witnessed excellent levels of business. A five-year, £50 million contract with BAE Systems was mobilised in June, while a separate £5 million per annum contract serving Deutsche Bank's 32 UK locations was signed last October.

The company has also been buoyed by the success of its electronic surveillance arm, which scooped two top prizes at this year's Security Excellence Awards (a detailed report on all the winners in this year's Awards can be found on pages 26-28).

Source

SMT