StockMarketWire.com - Croma Security Solutions Group reported Monday an increase in first-half profits as ongoing UK wide security concerns propped up demand for its security solutions.

For the six months to 31 December 2018, profit before tax rose to £1.02m from £0.998m a year earlier and revenues rose to £18m from 17.3m a year earlier.

'Reflecting the real and perceived increases in risk across the UK, security has become a higher priority for both public and private institutions which has substantially increased demand for Croma's innovative client solutions,' the company said.

The interim dividend was raised by 17% to 0.7p a share.

'Demand for our services in our last financial year was at a record high and it is pleasing that this demand has continued into the first six months of the current financial year. There is a mixture of contracted and project work, the latter making it harder to predict future revenue levels,' said Sebastian Morley, Chairman of CSSG.

'However, what is clear is that there has been a step change in demand for CSSG's premium services and as a business we are focused on taking advantage of this opportunity. Our aim is to become the British security brand and as part of that objective we are looking to establish a national network of security centres from which we will be able to sell all our services under one roof.'

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