Westminster ( (GB:WSG) ) just unveiled an update.
Westminster Group Plc reported a 26% increase in revenues to £3.7 million for the six months ending December 2024, despite global economic challenges. The company secured a significant 15+ year contract for airport security services in Gabon, expected to generate $5.5 million in the first year, and expanded its services in the Democratic Republic of Congo and Southeast Africa. Westminster’s strategy of building long-term managed services contracts and increasing recurring revenue is progressing, with new contracts and opportunities in various regions, including a $1m+ contract for security services to governmental clients in over 90 countries.
More about Westminster
Westminster Group Plc is a specialist security and services company operating globally through a network of agents and offices in over 50 countries. The company focuses on designing, supplying, and supporting advanced technology security solutions, including surveillance, detection, tracking, and interception technologies. They also provide long-term managed services contracts for security operations in airports, ports, and other facilities, primarily serving governments, NGOs, and blue-chip commercial organizations.
YTD Price Performance: 14.71%
Average Trading Volume: 1,247,638
Technical Sentiment Signal: Hold
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