Chubb zooms in on closed circuit TV market

Chubb Security, the electronic surveillance to locks group, yesterday unveiled plans to expand its operations in the highly lucrative closed circuit television monitoring market as it announced an 8 per cent rise in annual pre-tax profits to pounds 97.1m.

The company's CCTV expansion plans in Europe, North America, and Africa, through a new subsidiary, Chubb Vision, follow the recent setting up of security operations in Thailand, Indonesia, Vietnam and China.

Chubb recently bought MSS Security in Australia for pounds 21m and said yesterday that it intended to continue its expansion.

"[The company] has entered the next stage of expansion to build its business through acquisitions, partnerships and further organic growth," Chubb said. "These, with other actions being taken, should ensure that the results for 1996/97 will be good."

Chubb's profits rise in the year ending March 1996, on a total turnover of pounds 765.3m, came despite a drop of almost pounds 6m in its locks business in the UK, which the company blamed on continuing low levels of activity in the construction industry. However, Chubb's electronic security and fire protection business grew by pounds 9m.

Overall, the UK contributed pounds 40.6m towards the company's world-wide operating profits of pounds 91.6m, after re-organisation and redundancy costs of pounds 5.5m.

In the Australasian market, profits remained static at pounds 19.1m, although turnover expanded by 11.6 per cent, including exchange rate fluctuations, to pounds 175.6m. Elsewhere in Europe, operating profits also fell slightly to pounds 5.1m.

The final dividend is being lifted from 5p to 5.8p.

Suggested Topics
Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: Are you looking to take your ...

SThree: Trainee Recruitment Consultant

£20000 - £40000 per annum + competitive: SThree: Exciting career prospect for ...

Ashdown Group: Trainee Consultant - Surrey / South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Trainee Consultant - Surrey/ South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Day In a Page

A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'
Britain is still addicted to 'dirty coal'

Britain still addicted to 'dirty' coal

Biggest energy suppliers are more dependent on fossil fuel than a decade ago
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition
Lady Chatterley is not obscene, says TV director

Lady Chatterley’s Lover

Director Jed Mercurio on why DH Lawrence's novel 'is not an obscene story'
Farmers in tropical forests are training ants to kill off bigger pests

Set a pest to catch a pest

Farmers in tropical forests are training ants to kill off bigger pests
Mexico: A culture that celebrates darkness as an essential part of life

The dark side of Mexico

A culture that celebrates darkness as an essential part of life
Being sexually assaulted was not your fault, Chrissie Hynde. Don't tell other victims it was theirs

Being sexually assaulted was not your fault, Chrissie Hynde

Please don't tell other victims it was theirs
A nap a day could save your life - and here's why

A nap a day could save your life

A midday nap is 'associated with reduced blood pressure'
If men are so obsessed by sex, why do they clam up when confronted with the grisly realities?

If men are so obsessed by sex...

...why do they clam up when confronted with the grisly realities?
The comedy titans of Avalon on their attempt to save BBC3

Jon Thoday and Richard Allen-Turner

The comedy titans of Avalon on their attempt to save BBC3
The bathing machine is back... but with a difference

Rolling in the deep

The bathing machine is back but with a difference
Part-privatised tests, new age limits, driverless cars: Tories plot motoring revolution

Conservatives plot a motoring revolution

Draft report reveals biggest reform to regulations since driving test introduced in 1935