Newmark Security posted a record reported pre-tax profit in FY15. The result benefited from orders for cash-handling equipment from the Post Office. The value of orders from this customer is expected to reduce during FY16. We introduce forecasts for FY16 and FY17, noting that growth from other activities is not expected to make up the associated shortfall in profits until FY17. Our analysis indicates that the likely dip in profitability during FY16 is already reflected in the share price.
10 Aug 2015
Profits growth supported by one-off effects
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Profits growth supported by one-off effects
Newmark Security posted a record reported pre-tax profit in FY15. The result benefited from orders for cash-handling equipment from the Post Office. The value of orders from this customer is expected to reduce during FY16. We introduce forecasts for FY16 and FY17, noting that growth from other activities is not expected to make up the associated shortfall in profits until FY17. Our analysis indicates that the likely dip in profitability during FY16 is already reflected in the share price.