Plexus Holdings (AIM:POS) full year results offer the usual comprehensive assessment of the market
The AIM quoted oil and gas engineering services business and owner of the brilliant POS-GRIP® method of wellhead engineering, announced excellent preliminary results for a business operating in the beleaguered oil and gas sector. For those prepared to read the full announcement we suggest you find a comfortable chair as it’s quite lengthy. Our assessment here is somewhat shorter..
Revenue was up a modest 5.6% to £28.5m, but any growth should be considered quite an achievement in the oil and gas sector. They have been expanding beyond their traditional UK North Sea market, winning more contracts in Europe and pursuing new business opportunities in Africa, Australia, North America and Asia.
Pre-tax profit rose 10.5% to £5.94m and basic eps was up 17.5% to 6.40p. The dividend was lifted 182.3% to 1.75p although the yield…
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