Management said both acquisitions had performed during the period
Companies: Mortice
Aim-listed security management company Mortice (LSE: MORT), has released its latest trading update this morning, saying performance in H1 was strong, with year on year revenue growth of 57% ($80m).
The company confirmed both of its acquisitions had performed well and said it expected to announce total revenues for the first half of at least $80m. Its security services revenues are approximately $43m and revenues from facilities management services are approximately $37m.
"Given both the Company's existing client base and potential to win significant new clients, the Company remains on track to deliver full year revenues of at least $170m, in line with market expectations."
According to today's RNS, the company said it was growing and profitable, with management focused on expanding its geographical footprint, growing organically, and making further acquisitions.