HomeFinTechMCS Services: Renews $7.5M security contract

MCS Services: Renews $7.5M security contract

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  • Security services provider MCS Services (MSG) has once again won a tender from WA-based property investment company Perron Group
  • Under the contract, the company will provide security services to the three WA shopping centres owned by Perron Group
  • The contract’s initial term is for two years but comes with the option for a 12-month extension
  • The company estimates the aggregate gross value of the contract to be more than $7.5 million
  • MCS Security’s CEO, Paul Simmons, commented on the encouraging implications of the company once again securing the security services contract with Perron Group
  • MCS Services is up 14 per cent and trading at 5.7 cents per share
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