IPS Securex's Loss Shrinks in Fiscal H2; Shares Surge 17%

MT Newswires08-26

IPS Securex's (SGX:42N) loss attributable to equity holders shrank to SG$79,524 in the first half of 2024 from SG$773,071 in the year-ago period, a filing with the Singapore Exchange said on Friday.

Loss per share came in at SG$0.0002 per share compared with a loss per share of SG$0.0016 in the comparable period.

Revenue was up over 1% year over year to SG$7.8 million from SG$7.6 million, backed by increased revenue from the security services business.

Shares of the security services company surged nearly 17% in recent trading.

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