Share Prices & Company Research

Market News

29 Aug 2019 | 08:06

Hunting reports uptick in profit despite uncertainty in oil and gas industry

Energy services group Hunting reported an uptick in half-yearly profit on higher revenue despite the uncertainty in the oil and gas industry. For the six months to 30 June 2019, reported profit from operations rose to $41.1m from $38.9m a year earlier and revenue was up 15% to $508.9m. Gross margin fell to 29% from 31% a year earlier amid weaker performance in its Hunting Titan division. The company declared an interim dividend of 5.0 cents, up from 4.0 cents last year. 'The Board is pleased with today's results, but given the volatile market and global economic conditions will continue to update investors regularly on the Group's performance for the balance of the year,' the company said.

At 8:06am: (LON:HTG) Hunting PLC share price was -15.2p at 414.6p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.