Trading update

RNS Number : 2431W
GETECH Group plc
24 January 2013
 



 

24 January 2013

GETECH Group plc

("Getech" or the "Company")

Trading update

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, announces a trading update.

 

In the five months to December 2012 the Company has announced a number of major contracts including five further Globe sponsors and two substantial sales of its global gravity and magnetic datasets. In light of these contracts, and the committed and likely future sales for the current year, the Company expects to exceed current market expectations for the year to 31 July 2013.

 

Getech's Chief Executive, Raymond Wolfson, commented, "The first part of our financial year has been extremely successful, with the strong uptake of Globe and continuing strong data sales including two major sales of our global gravity and magnetic data products. As we have stated previously, we are seeing a strong synergy between the sales of Globe and sales of other products and services, and we anticipate that this will continue. We now have forward income, mainly but not solely from Globe, and a prospective sales pipeline that taken together give us confidence that our performance for the year as a whole will exceed expectations."

Enquiries

 

GETECH Group plc

Raymond Wolfson, Chief Executive

 

Tel:  0113 322 2200

WH Ireland Limited

Katy Mitchell

Tel:  0161 832 2174

 

 

Walbrook PR

Helen Westaway

Tel:  020 7933 8790

Mob: 07841 917 679

helen.westaway@walbrookpr.com

 


This information is provided by RNS
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