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SeaEnergy gives positive outlook after solid third quarter

Thu, 06th Nov 2014 14:21

Offshore energy service provider, SeaEnergy, released a well-received trading update on Thursday, outlining growth across the business in the third quarter.SeaEnergy's R2S Visual Asset Management technology in particular achieved strong results for the period. The division reported a record turnover for the three months ended in September, along with a strong order book for the remainder of the year and for the first half of 2015.The department's services remain in high demand from operators in the UK North Sea, US and Mexico as well as new international markets such as Canada and South-east Asia, the company said.SeaEnergy's also reported that demand for its consulting services increased, while its ship management division currently has three vessels under management.The overall outlook for SeaEnergy is "very positive", the group said, as continuing growth is expected across all business sectors. Further opportunities for the company are expected to arise in the near future, due to increased access to international markets.Company chairman David Sigsworth said: "As we head towards the end of the year, we are delighted that the company is on track to achieve a profit before tax and non-recurring items in the current financial year."With international growth under way, and by partnering with and serving some of the largest companies in the world we look to the future with confidence".As of 14:20 on Thursday, SeaEnergy's share price jumped 10.6% to 30p per share.
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