Business
Unaudited results for the six months to 30/06/22
Unaudited results for the six months to 30/06/22.
About this update from Hunting Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n For Immediate Release\n \n \n \n \n \n \n 25 August 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Hunting PLC\n \n \n \n \n \n \n (\"Hunting\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n \n \n \n Unaudited results for the six months to 30 June 2022\n \n \n \n \n \n \n Hunting PLC (LSE:HTG), the international energy services group, today announces its results for the six months to 30 June 2022.\n \n \n \n \n \n \n Financial Summary *\n \n \n \n \n \n \n \n \n \n \n ·\n Revenue $336.1m (H2 2021 - $277.2m; H1 2021 - $244.4m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Gross profit $75.8m (H2 2021 - $20.9m; H1 2021 - $44.0m)\n \n \n \n \n \n \n ·\n Profit from operations $1.7m (H2 2021 - $53.2m loss; H1 2021 - $26.5m loss)\n \n \n \n \n \n \n ·\n Diluted loss per share 2.4 cents (H2 2021 - 34.3 cents LPS; H1 2021 - 18.9 cents LPS)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n EBITDA $20.6m (H2 2021 - $6.7m; H1 2021 - $3.6m loss) **\n \n \n \n \n \n \n ·\n Adjusting items totalling $nil (H2 2021 - $41.1m; H1 2021 - $3.5m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Adjusted gross profit $75.8m (H2 2021 - $56.5m; H1 2021 - $44.1m)\n \n \n \n \n \n \n ·\n Adjusted profit from operations $1.7m (H2 2021 - $12.1m loss; H1 2021 - $23.0m loss)\n \n \n \n \n \n \n ·\n Adjusted diluted LPS per share 2.4 cents (H2 2021 - 11.0 cents LPS; H1 2021 - 16.1 cents LPS)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Total cash and bank of $85.6m (31 December 2021 - $114.2m)***\n \n \n \n \n \n \n ·\n Net assets per share 517.4 cents (31 December 2021 - 528.4 cents)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ·\n Interim dividend declared for H1 2022 of 4.5 cents per share (H1 2021 - 4.0 cents)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n * - Adjusted results are non-GAAP measures and reflect adjusting items determined by management. Please refer to pages 35 to 39 of the Half Year 2022\n \n \n \n \n report for further information.\n \n \n \n \n ** - EBITDA is a non-GAAP measure. Please refer to page 36 of the Half Year 2022 report for further information.\n \n \n \n \n *** -\n \n \n Total cash and bank is a non-GAAP measure.\n \n \n Please refer to page 38 of the Half Year 2022 report for further information.\n \n \n \n \n &n...