G4S Security Services (Botswana) has recorded exceptionally impressive business performance at the backdrop challenging market conditions, scoring impressive revenue and organic growth and margin improvements across all products.
This positive development is attributed to growing consumer confidence in its brand and service offering, favourable fuel prices, internal efficiencies and profit improvement initiatives which started in 2008.
According to Percy Raditladi, the G4S Security Managing Director, the success of turnaround strategies, in particular, for the manned security and systems installations businesses continued to contribute significantly to the improvement in margins.
The rollout of the new bank notes contributed significantly to the turnaround of the cash solutions business which has been under tremendous strain in the past two years.
With a number of major cash management contracts under review, the cash business model is being reviewed to sustain any expected reduction in these contracts.
A number of initiatives continue to be implemented that are crafted to further drive superior performance and service quality, something which remains the pertinent focus of management going forward.
Such initiatives include recruitment of qualified personnel and investment in management development, fleet renewal, vehicle tracking, an upgrade of alarms monitoring software and the amalgamation of the group companies which was approved by the Registrar of Companies in December 2009.
The preliminary announcement of audited results for the year ended December 31, last year, indicate that such initiatives and the growing consumer confidence, the directors are confident that the company will continue to achieve real growth in net earnings in 2010.
The results, audited by KPMG, say that accounting policies applied in the preliminary results are consistent with those applied in the annual financial statements.
The recommended final dividend of 88.55 thebe per share, together with the interim dividend paid of 58.86 thebe amounts to a total recommended dividend of 147.41 thebe per share (net of tax).
The total dividend of 147.41 thebe per share is covered 2 times by earnings. The final dividend as recommended by the Board on 19 February 2010, is net of withholding tax, and is payable on or about 26 March 2010 to shareholders registered at 12 March 2010.
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G4S Security achieves real growth in net earnings ”
