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Westminster posts loss as sales slip; sees better second half

Friday, 21st September 2018
Security solutions provider Westminster Group posted a first-half loss afters sales fell.

Pre-tax losses for the six months through June amounted to £1.2m, narrowing from a loss of £1.4m on-year.

Revenue fell to £2.6m, down from £2.9m.

The company, however, said the figure excluded £0.7m of unrecognised revenue from a Middle Eastern screening and other projects held in work in progress.

These would be largely recognised along with the full Middle East screening project value in the second half.

Westminster said it expected to be Ebtida positive for the full year after it cut its Ebtida loss in the first half to £0.4m.

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