UAE-based Transguard Group recorded a 38% hike in annual revenues – up to $388.4m (AED1.42bn).
The company’s profits for the year were $33.6m (AED123m), a 16% rise over the previous year.
Transguard’s workforce also grew by 55% during the year, from 30,000 employees as of 31 March, 2015, to 46,500 on 31 March, 2016.
During the year, Transguard strengthened its senior management team with senior industry
specialists taking up the new positions of chief of security, chief operating
officer of manpower services and chief operating officer of integrated facility
services.
Elaborating on these figures, Greg Ward, managing director of Transguard Group, said: “Two specific and dynamic industry sectors
worthy of note are construction and aviation. The construction services
business unit finished the year with 95% revenue growth.
“The aviation services business
has grown revenue by 21% and now employs a vast aviation manpower workforce servicing
both Dubai International and Dubai World Central.”
Transguard
security services delivered revenue growth
of 30% and continues to play a key role in the deployment and ongoing operation
of the explosive trace detection (ETD) screening system at Dubai International
Airport.
“We continue to be at the forefront of the
security industry and in January 2016 we launched our ‘Smart Security’ division
where we provide consultancy on security integration and go on to design and
implement full security lifecycle solutions based on the latest technologies,”
Ward added.
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