29th Mar 2021 11:48
Plexus Holdings PLC - engineering services provider - Says sales revenue from continuing operations rose to GBP419,000 in the six months to the end of 2020 from GBP49,000 the year prior, resulting in narrowed pretax loss of GBP2.0 million versus GBP2.8 million loss the year ago. Going forward, Plexus highlights that recent strengthening of the oil price, combined with the need to address the impact of reduced capital expenditure over the past year is being seen as a sign that 2022 will see a major recovery for the oil & gas sector.
"The ongoing pandemic and associated lockdowns both in the UK and around the world, while highly disruptive, did not prevent progress being made towards rolling out the dual focused strategy we have put in place to establish our POS-GRIP technology in new markets through licencing and direct sales activity," says Chief Executive Ben van Bilderbeek.
Current stock price: 17.99 pence, up 1.4% on Monday
Year-to-date change: down 1.4%
By Evelina Grecenko; [email protected]
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