11th Jul 2014 08:28
LONDON (Alliance News) - Thalassa Holdings Ltd Friday said that, ahead of its upcoming interim results, it has seen good trading in the year so far and expects a "satisfactory" performance in 2014.
The marine seismic-operations investment company said it has seen good trading and continues to experience positive levels of interest in its products.
"We continue to be encouraged by the level of order enquiries that we are experiencing for our disruptive PMSS technology," Chairman Duncan Soukup said in a statement.
The company's Portable Modular Source System is a portable seismic unit which can be quickly installed temporarily on vessels and platforms.
The company also said it plans to lease new headquarters near Warminster in the UK with all of its UK operations to be located at a campus being established nearby.
In March, the company said its pretax profit almost quadrupled to USD5.0 million in 2013 from USD1.3 million the previous year, as revenues more than doubled on new deals during the period.
The company plans to announce its interim results for the six months ended June 30 during early September.
Thalassa Holdings shares were down 6.4% to 184.00 pence on Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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