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Cape Plc reports "subdued" H1 order book

Thu, 29th Aug 2013 06:22

LONDON, Aug 29 (Reuters) - Cape Plc, the industrialservices group focused on the oil and gas industry, said it sawa "subdued" order intake in the first half of 2013 of 239million pounds ($371 million) down from 363 million a yearearlier.

It blamed weakness in the Asia Pacific region which it saidwas expected to remain loss making for the full year.

"Nevertheless the overall Group performance for the fullyear is anticipated to be broadly in line with expectations,"said the British company as it reported a first half profitbefore tax of 4.2 million pounds down from 9.7 million.

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