20th Apr 2022 11:55
Hunting PLC - London-based energy services - Reports "good" improvement in revenue during the first quarter ended March 31, with sales roughly 12% higher quarter-on-quarter and around 45% higher year-on-year. Records earnings before interest, tax, depreciation, and amortisation of USD6.7 million, reflecting strengthening markets and further narrowing of losses within several operating segments. Notes that it records an operating profit for the period. Says its balance sheet remains robust with undrawn core bank borrowing facilities of USD150.0 million committed until February 2026, and a cash and bank position of roughly USD71.6 million at March 31.
Current stock price: 318.50 pence
12-month change: up 19%
By Abby Amoakuh; [email protected]
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