Newmark Security plc announced consolidated earnings results for the year ended April 30, 2012. For the year, revenue was £13,094,000, profit from operations was £189,000, profit before tax was £62,000 and profit for the year attributable to equity holders of the parent was £177,000 or 0.04 pence per diluted share against revenue of £12,652,000, profit from operations of £808,000, profit before tax of £706,000 and profit for the year attributable to equity holders of the parent of £857,000 or 0.18 pence per diluted share for the same period a year ago. Cash flows from operating activities was £2,114,000 against £1,114,000 a year ago. Payments for property, plant & equipment was £136,000 against £203,000 a year ago.

Following the refinancing in the year, the Board has decided not to recommend the payment of a dividend for the year ended April 30, 2012 against 0.0275 pence per share paid in 2011.

The company decided to appoint Maurice Dwek as executive chairman to drive the business forward especially during these difficult economic conditions and the expected growth in activities with the completion of major developments and expansion into new geographical areas.