Offshore group Tekmar has signalled its highest levels of profitability in four years.
The firm has issued interim half-year results for the period to the end of March in which it says its revenues revenues rose slightly to £16.2m, while gross profit was up 33% at £5.4m. The company still recorded a group loss before tax of £400,000, it said, though this was lower than last year.
Tekmar said that its order book of £24.1m included work across the energy and subsea markets, and that its sale earlier this month of the Subsea Innovation (SIL) subsidiary had strengthened the core business.
