Zicom income rises 10.5% to Rs 20 crore

Mumbai: Zicom Electronic Security Systems Ltd, India's leading electronic security systems provider, has shown encouraging results for the year ending 31 March 2002. The company's total income has increased from Rs 20.20 crore to Rs 22.33 crore, by 10.51 per cent, while the corresponding profit before tax has increased from Rs 3.04 crore to Rs 3.14 crore. The company has shown considerable improvement in its performance in spite of a slowdown in the first half of the year due to the dotcom debacle, depression in infotech industries and an overall slowdown in the Indian economy.

Considering the overall performance, the company has maintained its dividend of Rs 1.20 per share, at the rate of 12 per cent, on a total of 81,87,100 equity shares of the company for the accounting year 2001-02. The dividend will be paid after the forthcoming eighth annual general body meeting of the company scheduled on 19 September 2002. The company has recently bagged prestigious contracts for providing electronic security solutions to the Reserve Bank of India and the government of Andhra Pradesh and is negotiating with other public sector undertakings for major security installation jobs.

Zicom Electronic Security Systems was founded in 1995. The company was started to provide total security solutions to commercial, residential as well as the retail segment in India. Zicom product portfolio consists of biometrics and proximity-based access control system, closed circuit television system with digital recording and remote video surveillance, car park management system, smart card-based solutions, RFID solutions, burglar alarm systems, intelligent fire alarm system monitored through the 24x7 central monitoring station.