Tekmar Group P. Share News (TGP)

Tekmar sells Subsea Innovation to fund investment programme

(Alliance News) - Tekmar Group PLC on Friday said it has sold Subsea Innovation Ltd for GBP1.9 million.

Tekmar sells Subsea Innovation in £1.9m deal

(Sharecast News) - Tekmar Group announced the sale of Subsea Innovation (SIL) to Unique Group on Friday, through its subsidiary Unique System UK, for a total cash consideration of £1.9m.

Tekmar Group secures contracts totalling £6m

(Sharecast News) - Offshore energy products group Tekmar said on Monday that it has recently secured a number of contract awards, with a cumulative value of approximately £6.0m.

Tekmar inks new energy infrastructure contracts totalling GBP6 million

(Alliance News) - Tekmar Group PLC on Monday said two new contracts have been signed, evidencing the strength of the company's varied energy market offerings.

UK shareholder meetings calendar - next 7 days

Tekmar annual loss balloons amid cost increase; eyes adjusted profit

(Alliance News) - Tekmar Group PLC on Monday said it expects to return to an adjusted profit in the current financial year as it reported a ballooned statutory loss on the back of a goodwill impairment and higher costs.

IN BRIEF: Tekmar jumps on GBP3.5 million contract win

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Wins contract for the design and supply of its flagship Generation 10 cable protection system and associated ancillaries in an "emerging region for offshore wind farm development." The contract covers the first phase of the development, with the contract value for this initial phase over GBP3.5 million. Production of the CPS systems is expected to commence in 2024 for delivery in 2025.

Tekmar secures 'significant' new contract

(Sharecast News) - Subsea protection systems provider Tekmar Group revealed on Thursday that it had secured a "significant" new contract.

Chamberlin sees "new levels of growth" thanks to record November

(Alliance News) - Chamberlin PLC on Friday said the business had benefitted from high orders, new clients and an increased focus on commercial development.

IN BRIEF: Tekmar Group rises on GBP2.5 million contract

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Inks new contract worth over GBP2.5 million. The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules and associated ancillaries for a significant subsea project in the Middle East and is expected to be delivered in the second quarter of 2024.

TRADING UPDATES: Billington on track to beat 2023 expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Tekmar agrees banking facilities renewals; trading in line

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Agrees a renewal of its existing banking facilities with Barclays Bank PLC, part of Barclays PLC. Says the trade loan facility is extended until June 15, 2024, maintaining a facility of up to GBP4 million which can be drawn against supplier payments. Also says GBP3 million term loan facility under UK government's coronavirus business interruption loan scheme is extended by a further 12 months until October 31, 2024.

Tekmar renews existing facilities with Barclays

(Sharecast News) - Offshore energy solutions specialist Tekmar announced the successful renewal of its existing banking facilities with Barclays Bank on Friday.

LONDON MARKET MIDDAY: Shock inflation reading puts pressure on BoE

(Alliance News) - Stock prices in London were mixed at midday Wednesday, as investors digest a hotter-than-expected UK inflation reading and what that means for the Bank of England.

IN BRIEF: Tekmar shares surge as interim loss narrows on revenue jump

Tekmar Group PLC - Darlington, England-based provider of technology and services for global offshore energy markets - Posts revenue of GBP17.7 million for six months ended on March 31, up 36% from GBP13.0 million the year before. Pretax loss narrows by 44% to GBP1.8 million from GBP3.2 million, as operating loss reduces by 45% to GBP1.7 million from GBP3.1 million. Looking ahead, expects business to break even at an adjusted earnings before interest, depreciation and amortisation level for the current financial year, with revenue in the region of GBP40 million, of which over 90% is already secured.