London Security (GB:LSC) has released an update.
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London Security PLC reported a strong financial performance for the year ended December 31, 2023, with revenues up by 16.3% to £219.7 million and operating profits increasing 16.2% to £31.6 million. The company has also declared an unchanged final dividend of £0.42 per share, following an exceptional interim dividend paid in December 2023. Amidst a backdrop of input inflation and strategic acquisitions, the company maintains a robust balance sheet with healthy cash reserves, positioning it well for future growth even in a low-growth market environment.
For further insights into GB:LSC stock, check out TipRanks’ Stock Analysis page.
