Zicom Securites posts 31.25 pc jump in revenues

New Delhi, Jun 30: Zicom Electronic Security Systems Ltd, electronic security solutions providers in India, today reported a 31.25 per cent increase in its total revenues at Rs 75.80 crore for 2006 fiscal, from the same period last year.

The Board has recommended a dividend of 12 per cent.

''This phenomenal growth in revenues was due to the booming business from the corporate sector. We have launched the Consumer Service Group which is the highlight of our business strategies this year, keeping in mind the seriousness of consumer safety and security,'' Zicom Electronic Securities Systems Ltd Chairman Manohar Bidaye said.

However, he added that ''although the company has shown healthy topline growth, the bottom line has not shown improvement mainly due to healthy cost of establishment of retail business.'' Total revenues for the quarter ended March 2006, were Rs 20.97 crore, an increase of 17.67 per cent over the same quarter last year.

Zicom Electronic Security Systems Ltd offers a wide range of products including access control systems using keypad, proximity card and biometrics, CCTV surveillance including remote video surveillance, fire alarm systems, smart cards, perimeter protection system and law enforcement products.

UNI