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Business Durham

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Marine engineer 'confident' as contracts lift revenues

  • 24 minutes ago
  • 1 min read
Marine engineer 'confident' as contracts lift revenues
Marine engineer 'confident' as contracts lift revenues

A marine engineer has hailed its “positive momentum” after contract successes pushed revenues higher.


Tekmar Group saw earnings rise more than 30 per cent to £16.2 million in the six months to March 31.


Bosses at the County Durham-headquartered firm say the uptick was weighted towards oil and gas work, which helped reverse a £700,000 EBITDA loss into a £100,000 gain.


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