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ITS 2008 turnover up 47%
- Middle East: Sunday, September 13 - 2009 at 09:52
ITS Group, a supplier of oilfield equipment and services to the global offshore oil and gas industry, has reported a 47% increase in its turnover to $143.6m for the year ended 31 December 2008. The increase in turnover has resulted in earnings before interest, taxes, depreciation and amortisation, before one-off costs, increasing by 50% to $47.2m. Capital expenditure for the future had continued in 2008, with a further $62.4m invested in plant and equipment across all service lines, ITS has said.
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StaffSunday, September 13 - 2009 at 09:52 UAE local time (GMT+4)
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This article was updated on Thu Sep 17 2009.
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