Government security solutions provider Westminster (WSG:AIM) is focused on driving up its revenue as West Africa emerges from the Ebola crisis.
In a positive trading update, the company says it is receiving more interest in its airport security operations. Shares are up 7% to 13.6p in response.
Improved trading in key divisions and a lower cost base means Westminster can be close to breaking even on an earnings before interest, tax, depreciation and amortisation (EBITDA) basis.
This is promising when set against a loss of approximately £900,000 for the first half of 2015 as a result of the Ebola outbreak.
The company's cash position has been strengthened by fundraising in June and cash collection levels are healthy.
Westminster says the managed services division is expected to improve further in the second half of 2016 as passenger numbers continue to recover to pre-Ebola levels, they are currently running at around 85% of those levels.
It has also signed three new memorandum of understanding (MoU) agreements with various governments and airport authorities.
The company says it received a formal letter of intent concerning an airport security contract in the Middle East for up to 25 years.
Under draft terms of the contract, the project will generate revenues in excess of £30 million per annum based on current PAX throughput and anticipated fees per passenger.
Westminster says order intake for the tech division was at its highest monthly level in June since July 2013.