not vested
IPS Securex reported revenue of S$15.7m in FY2015, up 25.9% y-o-y, mainly due to the increase in sale of security products.
Gross profit increased by 7.6% to S$6.5m.
Gross profit margin decreased to approximately 41.2% in FY2015 from approximately 48.2% in FY2014.
The decrease in gross profit margin was due mainly to the lower margins secured from the Security Solutions Business in 2H2015.
The Group believes that the demand for security surveillance, products and solutions will rise as more governments and
organisations look for preventive security monitoring and control measures.
Overall, it remains positive about the business outlook for FY2016.
Source: DBS