printer friendly version

Sentry Group reports increase in operating profit

Security services and paramedic company, the Sentry Group has reported a 25,5% increase in operating profit to R33,04m from R26,325m and a 25% increase in headline earnings a share to 12,9c for the six months to 31 December, from a previous 10,3c.

Turnover, at R184m, was 14% higher than that reported over the same period a year ago.

Sentry's Chairman, Nigel Matthews, said the group was well ahead of budget and expected to achieve its stated target of a 50% increase in earnings a share in the two-year period to June 2001.

Matthews said Sentry's monitoring and armed response businesses had enjoyed organic growth while the guarding division had recently secured several large corporate contracts.

He said the group's strong cash position had enabled management to take advantage of the low share price to buy back a portion of its own shares during the period under review.

For further details contact the Sentry Group, (012) 346 2000.

Share this article:

Further reading: