G4S hangs on technology for profits

Keikantse Lesemela
Monday, 07 May 2018
UPBEAT...G4S MD Mokgethi Magapa. UPBEAT...G4S MD Mokgethi Magapa.

G4S Botswana, an integrated security company remains optimistic to deliver strong performance in the next three years as they continue to focus on growing technology enabled revenues, strong market positions and commercial discipline.

The group recorded 16 percent in profits to P31.2 million in its year ended December 2017, revenue increased by 2.2 percent to P218.5 billion bolstered by category mixed benefits while new business gained positive contract adjustments. Cash outsourced services increased by seven percent due to enhanced demand and customer retention.

Commenting on the published results, G4S group Chairman Lebang Mpotokwanne said they remain steadfast in their strategy to push ahead with deployment of integrated security solutions which aims to combine both technology and manned security as they seek to retain and expand the existing contracts. 

“Notwithstanding a weak trading environment, we continue to liberate resources and we will continue to bolster our key relationships and invest in our customers through bundled technology offerings and re-aligning our mandatory risk assessments,” said Mpotokwane. 

The cleaning, security systems registered growth of over three percent and one percent respectively while facilities management segment declined by 27 percent. Mpotokwane said their strategic priority to drive a balanced top line growth by enhancing service offering through innovative mediums is yielding results as they continue to broaden and deepen the customer base.

He said their strategic plan continues to bear fruit and is currently driving recovery of Electronic Security and growth across all segments, particularly in the security solutions. G4S Botswana is a unit of London Stock Exchange listed group, G4S plc. 

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