19th Aug 2005 07:00
Hunting PLC19 August 2005 19 August 2005 Hunting PLC Trading update Hunting's results for the six months to 30 June 2005 will be announced on 1September 2005. The favourable trading conditions highlighted in the recent Rights IssueAnnouncement have continued. Accordingly, profits in the first seven months inboth Gibson Energy and Hunting Energy Services have increased over last year. As a result, the Board now expects the Group's profits for the full year toexceed current market expectations. The outcome will depend on a number offactors including, but not limited to, the price of oil and gas, heavy oil pricedifferentials and exchange rates for the remainder of the year. Dennis Proctor, Hunting's Chief Executive, said: "We are encouraged by theCompany's current trading and the second half of the year has started with thecontinuation of an improving market for our products and services." -Ends- For further information, please contact: Hunting PLC Tel: 020 7321 0123Dennis Proctor, Chief ExecutiveDennis Clark, Finance Director Hogarth Partnership Limited Tel: 020 7357 9477Andrew JaquesEdward Westropp Notes to Editors: Hunting PLC is an international oil services company providing support solutionsto the world's largest oil and gas companies. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hunting