Getech swings to a 'modest' interim profit following cost cutting efforts
27th Aug 2020 09:50
(Sharecast News) - Geoscience and geospatial products provider Getech said on Thursday that the Covid-19 pandemic's "deep impact" on energy prices had led it to lower costs, protect capital and explore new business opportunities.
Read moreGetech adds million dollar order to second half sales book
16th Oct 2019 11:33
(Sharecast News) - Geoscience and geospatial products and services supplier Getech Group announced the completion of a licence agreement for an integrated suite of geology, gravity and magnetic data and knowledge products on Wednesday.
Read moreGetech revenue falls as it restructures geoscience services
24th Sep 2019 11:24
(Sharecast News) - Getech Group reported first half revenue of £2.5m in its interim results on Tuesday, which was £0.4m lower than the same period in 2018, which the board put down to the restructuring of its geoscience services.
Read moreGetech revenues slide following cutbacks to geoscience services unit
22nd Aug 2019 08:43
(Sharecast News) - AIM-listed group Getech expects interim revenues to slide following the downsizing of its geoscience services unit.
Read moreGetech swings to profit as product revenue drives growth
7th May 2019 16:03
(Sharecast News) - Getech Group on Tuesday swung to an annual profit with sales increasing as higher product revenue offset a drop in service sales.
Read moreGetech enjoys $3.2m revenue boost amid 'challenging' trading
3rd Jan 2019 08:32
(Sharecast News) - Getech Group on Thursday confirmed it will generate gross income of $3.2m from a newly-agreed multi-product sale to an unnamed "leading oil and gas company".
Read moreGetech wins contract to carry out study on UK continental shelf
14th Feb 2017 09:33
(ShareCast News) - Shares rose in Getech Group, a provider of natural resources exploration data, as it announced it has won a contract from the Oil and Gas Authority (OGA) for a petroleum system related study of the UK continental shelf's South West Approaches region. The contract win comes on the
Read moreRevenue, earnings down at Getech as oil challenges continue
8th Nov 2016 12:07
(ShareCast News) - Oil services business Getech postes its preliminary results for the year to 31 July on Tuesday, with revenue of £7.03m, a significant reduction from the £8.64m reported last year. The AIM-traded firm's profit before tax was £0.67m for the year, less than half the £1.99m reported i
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreGETECH Group warns trading will miss expectations next year
3rd Nov 2015 10:02
(ShareCast News) - Shares in GETECH Group slumped over 14% early on Tuesday, after the oil services businesses warned its trading in the new year will be "substantially below" market expectations. "In the short term there remains considerable uncertainty about the state of the market and its impact
Read moreGetech surges as it says annual pre-tax profit will double
7th Aug 2015 10:27
(ShareCast News) - Getech, which provides data, studies and services to the oil, gas and mining exploration sectors, surged after saying it expects pre-tax profit for the year to double. The company said results for the year to 31 July should show a very significant improvement year-on-year, with pr
Read moreSector movers: Petrofac profit warning sinks oil services stocks, OPEC meeting eyed
24th Nov 2014 15:11
A profit warning from blue-chip oilfield services group Petrofac rattled the oil services, equipment and distribution sector in London on Monday, with stocks falling by an average 10%. There was nervousness ahead of a pivotal meeting of the Organization of Petroleum Exporting Countries (OPEC) on Thu
Read moreJupiter CIO Chatfeild-Roberts pockets £2.3m
6th Nov 2014 15:46
John Chatfeild-Roberts, the chief investment officer of Jupiter Fund Management, has trousered a tidy £2.29m after selling shares in an options deal a few weeks after they recovered from 12-month lows. Chatfeild-Roberts, who heads the Merlin multi-manager team and has been at Jupiter since 2001, sol
Read moreGetech's annual pre-tax profits drop
4th Nov 2014 15:53
Getech, the oil services business specialising in the provision of exploration data and petroleum systems evaluations, on Tuesday reported a drop in annual pre-tax profit as revenue fell. Profit before tax fell to £1m from 2013's £2.2m, as revenue declined to £6.5m from £8m the prior year. Earnin
Read moreGetech scores its largest ever contract
8th Sep 2014 08:56
AIM-listed Getech has landed its largest ever single new contract, worth $5m. The geosciences business said the new services contract, which was awarded by the Angolan National Oil Company, would be carried out by its commissions division. Getech said the majority of the income from the project wil
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