Security company posts good results

The growth was spearheaded by the cash services division which continue to dominate the contribution to pre-tax profits. The division accounted for 43 percent of the profits before taxation. It was followed by the alarms division at 37 percent and integrated services. A review of the results by Stockbrokers Botswana says that G4S volumes are likely to be driven by the recent civil service salary adjustments. The implementation of the public and private sector projects will also shore up business volumes.

"Management is of the view that the company's growth potential lies in the integrated services, especially manned guarding and cash services. This is going  to be done through product or service differentiation, and also through vigorous  participation in both public and private tenders. The major challenges to this, however, is inflation and lack of experienced supervisory skills as the division is management intensive," said the stockbrokers review report.