UAE-based Transguard Group, a leading security, facilities management and outsource services company, today (May 2) released its annual figures for the financial year ending March 31, 2018, revealing another record, with revenue, profit and headcount increasing across the board.

Announcing the results, the Emirates Group company said it had netted a record revenue of Dh2.3 billion ($626 million), up 22 per cent over the previous year.

The figures, audited by PricewaterhouseCoopers, highlight Transguard Group’s strength in the market, generating profit of more than Dh163 million and a head count increase by 17 per cent from 55,399 to 64,774.

Transguard Group CEO Dr Abdulla Al Hashimi said: "These are incredible results, particularly when the tough business conditions we’ve witnessed in the last 12–24 months are taken into consideration."

"The major contributing factor to our success has been our ability to retain key accounts while also winning some very important new contracts, 470 in total, valued at over Dh1.3 billion," noted Al Hashimi.

"We have an in-depth understanding of our clients’ requirements which is a direct result of our customer-focused business strategy," he added.-TradeArabia News Service