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472.50    6.50 (1.39%)
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Spread: 0.50 (0.106%)
Market Cap: £690.41m
HTG Live PriceLast checked at - London Stock Exchange

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Trading Statement

23 Jan 2012 07:01

RNS Number : 9616V
Hunting PLC
23 January 2012
 



For Immediate Release

23 January 2012

 

 

 

 

 

 

Hunting PLC

 

("Hunting" or "the Group")

 

Trading Statement

 

Hunting PLC (LSE: HTG), the international energy services group today provides a Trading Statement ahead of the announcement of its Annual Results on Thursday 8 March 2012.

 

Trading since the release of our Interim Management Statement on 17 November 2011 has exceeded management's expectations particularly within our North American manufacturing and connections business units where demand continues to show strong momentum, together with excellent trading from our Asia Pacific operations.

 

As a consequence 2011 full year earnings, which are still subject to external audit, are now expected to be above the top end of analyst expectations.(1)

 

Management are comfortable with the business outlook for 2012 and will provide further guidance on trading when the Annual Results are announced.

 

(1) Note: Analysts' expectations for underlying profit before tax on continuing operations, for the year ended 31 December 2011 range from £63.8m to £72.8m with a consensus of £67.6m. Underlying profit before tax is stated before inventory fair value adjustments, amortisation of intangible assets and exceptional items.

 

For further information please visit www.huntingplc.com or contact:

 

Hunting PLC

Dennis Proctor, Chief Executive

Peter Rose, Finance Director

 

 

Tel: +1 713 595 2950

Tel: +44 (0) 20 7321 0123

 

Buchanan

Richard Darby

Jeremy Garcia

Tel: +44 (0) 20 7466 5000

 

Notes to Editors:

 

About Hunting PLC

 

Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a fully listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has principal operations in Canada, China, Hong Kong, Indonesia, Mexico, Netherlands, Singapore, United Arab Emirates and the United States of America.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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