MCS locks in $3m security contracts

30/04/2018 - 13:22

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MCS Services has been awarded a security services contract for seven major shopping centres across Western Australia, while also securing contracts at two smaller centres in Perth, with a total value of about $3 million.

MCS recently posted a net loss in its half-year results.

MCS Services has been awarded a security services contract for seven major shopping centres across Western Australia, while also securing contracts at two smaller centres in Perth, with a total value of about $3 million.

Joondalup-based MCS said it was the incumbent at three of the large centres, and had added four new stores to its portfolio.

The contract has an initial term of three years, with an option for a further two years.

The company will add up to 30 staff to account for the extra work.

MCS also announced that it has locked in contracts at two small suburban shopping centres in Perth.

The news follows MCS's recent contract win for Optus Stadium.

Chief executive Paul Simmons said the new contracts were reflective of the quality of the service offered by the company.

MCS recently announced its half-year results to December, posting a net loss of $685,870 compared with a $611,000 profit in the previous corresponding period.

The loss occurred despite a slight increase in revenue to $9.3 million.

Shares in MCS finished up 6 per cent at 1.7 cents each today. 

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