Simplex and Panasonic Security Systems Group enter partnering agreement

March/April 2000 News

The Sentry Group's outstanding half year results bears testimony to the company's continuing financial success and strengthens its position as the benchmark in the industry.

Turnover at R168,9 million is 16,3% up on the prior comparable period, whilst profit from operations rose 25,8% to R26,3 million.

Earnings grew by 40,5% to R18,4 million whilst earnings per share increased by 35% from 7,6 cents to 10,3 cents.

'The results reflect our core business philosophy that good service is good business,' says Rob Matthews, Chairman of the Sentry Group, SA's leading security company. "Our brand has been built around our reputation as market leader on price and has continued to grow from strength to strength as more people buy into the idea that you get what you pay for.

"Since the Paramed deal in June last year, we have continued to consolidate our client base and fast tracked the roll-out of the Sentry brand name on a national basis. We have consequently dramatically increased our visibility and also continue to improve response times as a result of the higher client density."

Looking to the future, Matthews anticipates good growth for the company's three divisions - monitoring and armed response, guarding and forensic investigation.

"We are well positioned for further expansion in terms of client numbers and expect to continue to benefit from the global trend to outsourcing," he said.

"Sentry's client density and sophisticated control rooms places the group in a strong position within the security industry. We are confident that our strategy of organic growth, the rationalisation of existing operations and appropriate acquisitions will stand us in good stead for growth over the next few years."

Source: Sentry Group

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