Expro Fiscal Year Net Profit 40% On Oil Price
Tuesday, May 20th, 2008Oilfield services company Expro International Group PLC ( EXR.LN) Tuesday said fiscal full-year net profit was 40% higher than in 2007, driven by soaring oil prices and rising global energy demand, particularly in India and China.
For the year ending March 31, Expro reported net profit of GBP52.8 million, compared with GBP37.9 million a year earlier.
The company said revenue came in 18% higher than in the previous year at GBP609.7 million, compared with GBP518.8 million, while diluted earnings per share was 47.5 pence, compared with 37.3 pence a year earlier.
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