Hallin Preliminary Results 2007
Hallin Marine, the provider of subsea solutions to the oil and gas industry, announces record preliminary results in respect of the year ended 31 December 2007.
Hallin has strong market positions in South East Asia, China, the UK, the Gulf of Mexico and India. Typically the projects undertaken comprise the surveying, maintaining, repairing or installing of subsea equipment for the oil and gas industry.
Highlights
- Turnover increased 67% to US$64.8m
- EBITDA increased 171.0% to US$14.8m
- Net Profit after tax increased 157.7% to US$10m
- Earnings per share increased 138.3% to 25.09 cents
- Dividend maintained at 1p per share
- Major increase in operating assets
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