Security services and solutions provider Secura Group posted earnings of $2.09 million for 1H2020, up from last year’s earnings of $216,000. This is largely due to government support grants and a decrease in operating expenses. The increase in earnings was partially offset by Secura’s share of losses from Custodio Technologies Pte Ltd, in which it owns a 20% stake. 

For 1H2020 ended June 30, Secura Group’s earnings per share (EPS) grew slightly over 10 times y-o-y to 0.52 cents from 0.05 cents in 1H2019. Revenue decreased by 15.2% y-o-y to $16.89 million in 1H2020, owing to declines across various segments during the circuit breaker period. 

Secura Group saw a decrease in revenue of $3.83 million or 27.8% y-o-y from the security guarding segment due to loss of contracts. This is on top of a decrease in revenue of $0.44 million or 63.4% y-o-y from the system integration segment due to the extended lockdown for the construction industry.

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