21st Dec 2021 14:39
Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Says it has won two new contracts for its E class vessels. The contracts include a six month contract for an unnamed renewables client in North West Europe which will commence in the summer of 2022, and a five month contract with a national oil company client in the Middle East and North Africa area which will commence before the end of 2021. Gulf Marine added that it expects to end 2021 with vessel utilisation at 85% and confirms that its previous earnings before interest, tax, depreciation and amortisation guidance remains unchanged.
Current stock price: 5.63 pence, up 13% on Tuesday
Year-to-date change: up 38%
By Heather Rydings; [email protected]
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