- Security services company Westminster Group slashed losses as revenues more than doubled in the first half of the year, driven by a surge sales in its technology division. The company said annual revenues were expected to be significantly ahead of 2018.

For the six months ended 30 June 2019, pre-tax losses narrowed to £0.8m from £1.2m a year earlier as revenues increased 117% to £5.6m.

The company reported a 257% increase in technology division sales to £3.1m from and a 47% increase in managed services division sales to £2.5m.

'Based on our current order book and our run rate business, including Keyguard and Euro Ops, we expect 2019 revenues to be significantly ahead of 2018,' the company said.

At 9:28am: [LON:WSG] Westminster Group PLC share price was +0.1p at 9.85p

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