Security services firm Secura has reported earnings of $1.6 million for its 2HFY2021 ended Dec 2021, up 83.8% y-o-y. Revenue in the same period was up 12.1% y-o-y to $19.1 million, as it won more new contracts to provide security guards.
However, the company’s revenue from other small business activities, such as system integration, digital forensic, and security consultancy, dropped.
For the whole of FY2021, earnings dropped 17.9% y-o-y to $2.4 million, even though revenue increased by 9.9% y-o-y to $37.7 million.
The company plans to maintain a dividend of 0.4 cents per share for FY2021 – same as what it paid for FY2020.
Going forward, the company expects “consistent” performance for its security guarding segment for the current FY2022.
However, it has a mixed outlook for its other business segments.
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For example, Secura expects its system integration and security training segment business to benefit from “long gestation projects and plans which will materialise during FY2022.”
Its cybersecurity segment is likely to “come under pressure” this FY2022 because of “manpower movement”, while its security printing segment is seen to decline too because of lower demand from financial institutions.
Overall, Secura expects its revenue for FY2022 to be consistent with FY2021.
Secura shares closed on Feb 18 at 7.4 cents, down 2.63% for the day and up 5.71% year to date.
