UNICAN’S SALES EBB SLIGHTLY, BUT NET EARNINGS SIGNIFICANTLY OUTSTRIP PREVIOUS FISCAL YEAR’S PACE
Unican Security Systems Ltd. has announced sales were down nearly 2 percent in the second fiscal 1999 quarter, ended Dec. 31, to $120.5 million from $122.5 million in 1998. However, according to the company, if the impact of currency fluctuations is excluded, sales increased by nearly 7 percent. Net earnings for the three months ended Dec. 31 were $8.8 million compared to $3 million for the same period in 1998. Overall, Unican’s sales and net earnings are up. For the six-month period ended Dec. 31, sales were $231.2 million compared to $228.7 million for the same time frame in the previous fiscal year. In addition, net earnings for the six-month period ended Dec. 31, 1999 were $15.8 million compared to $9.2 million in 1998. Unican is a global supplier of access control products for both the hospitality and commercial sectors, as well as mechanical and electronic security products for the safe and vault industry.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!