Securitas AB, the world’s top security firm, reported Thursday that the company posted a 3 percent drop in fourth-quarter net profit, citing that the global recession weighed on customer contracts, according to Associated Press.
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Net profit for the October to December period came to 610 million kronor ($84 million), down from 631 million kronor in the same quarter in 2008.
Sales in the three-month period fell by 5 percent to 15.2 billion kronor from 16 billion kronor. The group's organic sales, which are adjusted for acquisitions and divestments, fell by 2 percent.
The company provides security guards, alarm systems and armored guards to banks, retailers, corporations and residential customers. It employs around 240,000 people in more than 40 countries.
Securitas proposed to raise the dividend per share to 3 kronor ($0.41) from 2.9 kronor last year.
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