StockMarketWire.com - Westminster Group said its Sierra Queen ferry is currently securely moored in the boat yard awaiting access to the slip which is anticipated to be vacated within 7-10 days.

"On visual inspection, with the ferry in situation in the water, the damage appears limited and has been made safe," it said in a statement.

"This damage however cannot be fully repaired whilst the ferry remains in the water. A further update and an expected date of commencement of services will be given on receiving the engineers report once the boat is fully inspected."

WEST AFRICA AIRPORT

"The Company is pleased to report that passenger numbers at its West Africa airport operations are recovering well from the Ebola crisis with Q1 2016 showing a particularly strong recovery.

"The first three months of 2016 were individually the three highest months in terms of daily passenger numbers and revenues since August 2014 and passenger numbers in the quarter are 80% ahead of the same period in 2015.

"This, combined with the operational leverage available through our existing unused throughput capacity and cost efficiencies, has enabled the project to produce its best ever quarterly contribution."

MANAGED SERVICES DIVISION

"Progress and momentum continues within the airport security division with continued growth and interest being shown in Westminster's airport security solutions from organisations and authorities around the world.

"Of the recently signed MoU's, two have now had full Gap Analysis works completed and arrangements are now being made for contract negotiations.

"The Gap Analysis works for the MoU signed on 20 January 2016 relating to several international airports was awaiting relevant security clearances to be granted. This has now occurred and the Company's survey team are now due in country at the end of April.

"In addition, arrangements have now been completed for the survey team to undertake the Gap Analysis for the significant international airport in the Middle East announced on 8 March 2016, with analysis due to commence in the week commencing 11 April 2016."






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