IN BRIEF: Tekmar shares surge as interim loss narrows on revenue jump
21st Jun 2023 10:23
Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Posts revenue of GBP17.7 million for six months ended on March 31, up 36% from GBP13.0 million the year before. Pretax loss narrows by 44% to GBP1.8 million from GBP3.2 million, as operating loss reduces by 45% to GBP1.7 million from GBP3.1 million. Looking ahead, expects business to break even at an adjusted earnings before interest, depreciation and amortisation level for the current financial year, with revenue in the region of GBP40 million, of which over 90% is already secured. Read More