Shares in oil and gas contractor Neptune Marine Services have fallen almost 14 per cent in trading today after the company announced its earnings for the first half of FY2010 will be well below that of the previous corresponding period.
Neptune Marine Services today announced that its Aberdeen-based division has been awarded new multi-million dollar contracts from Shell UK and GE Oil and Gas.
Marine engineering outfit, Neptune Marine Services has posted a profit of $21 million for the year to June 30, an increase of almost 200 per cent on the previous year's $7.4 million thanks to its diverse service offering and strong revenue gains.
The buoyancy of the oil and gas sector in the current economic climate has helped deliver record revenues and profit for the half year for Neptune Marine Services.
Engineering services company Neptune Marine Services Limited has taken advantage of its position within the global oil and gas industry to deliver second quarter revenues of $52 million.
Specialist engineering company Neptune Marine Services Ltd has continued its rapid expansion by announcing plans to acquire Aberdeen-based Ross Deeptech Initiatives Ltd for $25 million in cash.
Perth marine, oil and gas services company Neptune Marine Services Ltd has announced its fourth acquisition in a busy six months with a deal to buy Subsea Developments Australia.
Neptune Marine Services Ltd announced today that it is in the process of establishing a business development unit in Aberdeen, Scotland, to support the substantial subsea inspection, repair and maintenance market in the North Sea.
Western Australian marine services company Neptune Marine Services Limited has announced a new growth strategy that will see it broaden its range of services, and expand operations into the oil and gas sector.
