30 January 2012 – trading update
The AIM quoted developer of advanced security and surveillance systems has revealed that trading in the second half of 2011 was better than the first with year on year revenue growth 0f 5%. Pre-tax profits for the year to 31 December are therefore likely to be better than expectations due to better margins, overhead savings and reduced financial costs, with £0.2m on the cards for earnings per share of about 3p. Net debt has also fallen and with 2012 starting well we -re-iterate our recommendation of BUY.