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Getech Group PLC Ord 0.25P (GTC)

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24-Jan-2020 09:18 AM

Getech warns on profit as contract delays dent revenue

Geoscience products maker Getech warned on profit on as contract delays led to lower revenue for the year. The company said it remained in talks on several substantial transactions overran from December 2019, which had the potential to deliver materia
24-Sep-2019 07:27 AM

Getech sees expansion of forward sales of multi-year contracts

Loss before tax remained inline with last year at £598k, with capital discipline increasing cash to £3m in its interim report ending 30 June 2019. Revenue was £2.5m with an additional £1.6m of new forward sales, and order book gro
22-Aug-2019 09:17 AM

Getech expects first-half revenue to fall following cut to geoscience services team

Geoscience company Getech said it expected half-yearly revenues to fall year-on-year following the company's decision to reduce the size of its geoscience services team. Revenue in the first half was expected to fall to £2.5m from £2.9m
07-May-2019 09:51 AM

Getech swings to profit on significant growth in product division

Getech Group swung to an annual profit as its product division delivered significant growth offsetting ongoing challenges in its service division, but the company said customers remained cautious over the early release of spending budgets. For the 1
05-Feb-2018 10:03 AM

Getech reports revenue growth, cost base reduction

The Getech Group said revenue in 2017 totalled £10.9 million, up 55% from 2016 while its underlying like-for-like cost base fell by 32%. Products remained a key engine of growth, accounting for 69% of Group revenue in 2017. This comes despite hea
25-Jan-2018 07:59 AM

Getech supports launch of new Sierra Leone licensing round

Getech Group said the launch of the fourth Sierra Leone offshore petroleum licensing round was being exclusively supported by the group through its wholly-owned subsidiary ERCL. Applications to the round close at -noon on 28 Jun. It said that at a meet
17-Jan-2018 11:32 AM

Getech to present at the London Growth and Innovation Forum on 30 January 2018

The Growth and Innovation Forum is the UK's only growth and technology focussed investment show and is an opportunity for Institutional and Private Investors to connect with top experts who will share their in-depth knowledge of investing and meet di
31-Oct-2017 07:35 AM

Getech sees see significant potential to broaden activities

Getech has reported revenues of £7.7m for the year to 31 Jul with an additional £0.8m sales closed relating to future deliverables. The board has decided to move the group's year-end and reporting accounting reference date to 31 Dec and
27-Oct-2017 08:21 AM

Getech to support Sierra Leone's offshore licensing round

Getech Group, through its wholly-owned subsidiary ERCL, will support Sierra Leone's fourth offshore petroleum licensing round. The director-general of the Petroleum Directorate of Sierra Leone, Raymond Kargbo, announced at this week's Africa O
14-Aug-2017 08:06 AM

Sierra Leone extends agreement with Getech

Sierra Leone's petroleum directorate has extended its agreement with Getech's wholly owned subsidiary, ERC, for advisory and technical support services The directorate's mission is to facilitate the exploration and development of Sierra
17-May-2017 09:03 AM

Getech clinches substantial sale of data and products

Getech has announced the sale of a suite of geology, gravity and magnetic data and products. Getech said that under a licence agreement signed with a leading global resource company, it had sold its Earth Systems Modelling product, Depth to Basement data
14-Feb-2017 07:40 AM

Getech wins contract for UK Continental Shelf study

Getech has been awarded a contract by the UK's Oil and Gas Authority in collaboration with the 21st Century Roadmap Technical Advisory Committee, for a petroleum system related study of the UK Continental Shelf South West Approaches region. Getech s
13-Dec-2016 07:48 AM

Getech turnaround

Getech remains focused on cost control throughout the business and the board decided to not propose a 2016 dividend, shareholders at the annual general meeting today will be told. Chief executive Jonathan Copus will say: ""In 2016 Getech focuse
10-Jun-2016 07:58 AM

Getech sales hit after exceptional Q3

Getech made an exceptional start to the second half but is currently trading below forecasts following the deferment or cancellation of a number of potential sales. The company - which reported a first half pre-tax loss of £704,000 - expects a pre-
03-Nov-2015 09:55 AM

Getech profits

Getech posts a profit before tax of £1,992,236 for the year to the end of July (2014: £1,000,816) after interest receivable of £13,554 (2014: £32,914) on revenue of £8,638,588 (2014: £6,592,798). The post-tax profit was £1,812,996 (2014: £1,575,
13-Apr-2015 08:03 AM

Getech wins significant contract

Getech, the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, has won a further significant multi-year contract with a major national oil company. This contract is for a three
08-Apr-2015 07:29 AM

Getech completes acquisition of ERCL

Getech, the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, has completed its acquisition of ERCL Limited announced on 24 March. Getech has paid an initial payment of cash
24-Mar-2015 08:34 AM

Getech pre-tax profits up

Getech - the geoscience services business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors - posts interim pre-tax profits of £707,000, up from £233,000 last time. Revenue for the six months to
22-Dec-2014 08:34 AM

Getech wins first orders under umbrella contract

Getech has received its first orders under the umbrella contract referred to in its announcement on 4 November. This contract is with a long standing client and provides a three-year extension to the previous, annually renewable, contract. Under this
04-Nov-2014 09:20 AM

Getech pre-tax profits fall

Getech, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, posts pre-tax profits of £1,000,816 for the year to the end of July - down from £2,246,496 last time. Revenue fell by 18
08-Sep-2014 08:48 AM

Getech clinches its largest ever new contract

Getech, the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, has won its largest ever single new contract. This new proprietary services contract has a gross value of $5m and
13-Aug-2014 09:57 AM

Getech's sales

Getech ended the 2013-14 financial year with a strong sales performance and entered the new financial year with a sound balance sheet. Unaudited preliminary results for the year to the end of July are expected to show revenue of £6.6m, profit before ta
16-Jul-2014 08:08 AM

Getech multi-satellite project funding tops £1m

Getech, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, has signed further clients to fund its new global multi-satellite gravity project. In July 2013, the company announced that
03-Jul-2014 07:49 AM

Getech wins £500,000 contract

Getech has won a new contract with a total value of $500,000 for immediate delivery. The income from this sale will be recognised in the current financial year. This client had already purchased a substantial part of the dataset prior to the major upg
30-Jun-2014 09:25 AM

Getech wins £600,000 contract

Getech - the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors - has won a new contract worth $600,000. The company says the data are for immediate delivery and all the income
 
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