StockMarketWire.com - London Security Group reported rise in pre-tax profits Friday as revenue jumped double digits supported by acquisitions and improvements in the scheduling of service work.

For period from six months to 30 June, profit before tax rose 7.2% to £10.07m from £9.39m a year earlier and revenue jumped 10% to £66.73m.

The performance was also boosting by stronger euro, which boosted reported turnover by £1.3m.

The company acquired a total of three well established businesses at a cost of £1.9m during the first half of the year.

'The fire security market is experiencing increased competition and downward pressure on prices. Our strategy is to continue to concentrate on the highest levels of customer service to mitigate this,' London Security Group said.

'We do not expect the economic environment to become any easier in 2018. Nonetheless your Group remains in a strong position and will continue to focus on meeting the needs of our customers and our shareholders.'


At 8:37am: [LON:LSC] London Security PLC share price was 0p at 2090p



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