Business
Half Yearly Report - Replacem
Half Yearly Report - Replacem.
About this update from Getech Group Plc
[{"type":"text","content":"\n RNS Number : 8010P GETECH Group plc 31 March 2009 \n \n\n\nThis announcement replaces RNS 6785P. In the first paragraph 'year ended 31 July 2008.' has been replaced by 'six months ended 31 January 2009.'\n\nGETECH Group plc\n('GETECH', the 'Company' or the 'Group')\n\nHalf yearly REPORT\nfor the six months ended 31 January 2009\n\nGETECH Group plc (AIM: GTC), a leading oil services business specialising in the provision of data, studies and interpretation services to the oil and mining exploration sectors, announces its half yearly report for the six months ended 31 January 2009. \n\n\nHighlights\n\n\nRevenue for the six months of £2,419,000 (six months ended 31 January 2008: £2,235,000)\n\n\nProfit before tax of £187,000 (six months ended 31 January 2008: £603,000)\n\n\nInterim dividend of 0.6p per share (2008: interim 0.6p, final 0.7p)\n\n\nAcquisition of data and related assets from Lisle Gravity Inc \n\n\nCash balances returned to £1,626,000 at the end of the period\n\n\nNet assets £5,038,000 (31 January 2008: £4,582,000)\n\n\nFour major new non-exclusive studies completed in the period\n\n\n\nCommenting on outlook, Peter Stephens, Non-Executive Chairman of GETECH Group plc, said:\n\n'Most major oil companies appear to be prepared to continue spending on our data and studies in order to help maintain their long-term reserves.'\n\n'GETECH's result for the full year to July 2009 is dependent on the crystallization of a number of deals that are currently under negotiation and the pattern of demand in the remaining few months of the year.'\n\n'We remain confident about our medium and long term prospects despite the current global economic climate. Indeed, the relative stability of the crude oil price since December 2008 is seen as a positive indicator in itself.' \n\nFor further information:\n\n\n\n\n\nGETECH Group plc\n\n\n\n\n\n\n\nRaymond Wolfson, Chief Executive Officer\n\n\nTel: 0113 322 2211\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland\n\n\n\n\n\n\n\nKaty Mitchell\n\n\nTel: 0161 819 8875\n\n\n\n\nGary Marshall\n\n\nTel: 0113 394 6610\n\n\n\n\n\n\n\n\n\n\n\n\nParkgreen Communications Ltd\n\n\n\n\n\n\n\nPaul McManus\n\n\nTel: 020 7933 8787 or Mob: 07980 541 893\n\n\n\n\n\n\n\[email protected]\n\n\n\n\nBen Knowles\n\n\nTel: 020 7933 8788 or Mob: 07900&...