22nd Jan 2015 09:16
LONDON (Alliance News) - KBC Advanced Technologies PLC said Thursday that it will meet its expectations for 2014 on a strong second half, and said it enters 2015 with a "significantly stronger order book" despite recent oil and gas price pressures causing uncertainty across the industry.
The company said its technology revenues grew "significantly", helped by its acquisition of FEESA Ltd in July. It won a seven-year contract with an oilfield services company, and some software contracts in Asia, it said.
Its Consulting business continued to perform well in South America, securing a USD48.6 million contract extension, and it produced a strong performance in the Middle East and further growth in Asia and Europe.
KBC said that the transition of Andrew Howell taking up the role of chief executive officer, and Ian Godden returning to his position as non-executive chairman, went smoothly.
Shares in KBC are trading up 1.1% at 92.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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