Brinks Earnings Up 389 Per Cent
Brink’s net income for 2004 was $US114.6 million, compared with $US29.4 million the year before. The company had revenues of $US4.7 billion, compared with $US4 billion in 2003. Michael Dan — chairman, president and CEO of Brink’s — called 2004 in a statement the “year in which our businesses began to demonstrate what they are capable of achieving.”
Brink’s Home Security had record fourth quarter revenue of $US90.1 million and $US345.6 million for the year — a 10-percent increase over 2003. Brink’s ended 2004 with 921,000 home security subscribers generating recurring monthly revenue (RMR) of $US26.1 million.