Enteq Upstream (AIM:NTQ) interim results offer promise for the future
While the results in isolation wont look that promising to some (losses never go down well!), the business is still in the development stage and performance actually reflects significant improvement in many areas with revenue up significantly and load of cash still available to support growth.
Half year revenues were US$10.6m (Sept 2012: $5.3m) with EBITDA in the Drilling Tools Division US$2.3m (Sept 2012: $1.6m). The loss before tax was US$2.5m (Sept 2012: $3.5m)…
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