News blog

Chieftain Group

  • BY: Andrew Hore |
  • POSTED: 07/09/2008 |

Engineering services provider Chieftain Group improved its first half underlying profits.

It reported flat profits after exceptional items - that was an exceptional gain of £237,000 in the first half of 2007.

However, underlying profits increased from £810,000 to £1.07m in the six months to June 2008. Revenues increased from £21.6m to £22.8m.

The improvement was helped by a swing from loss to profit in the environmental services business. During the period Chieftain won a major contract for the fabrication and fitting of pipework for an oil and gas project.

Net cash is £4.33m. Chieftain has increased its interim dividend from 2.5p to 3.3p a share.

Demand remains strong. The order book of £69m stretches well into next year.

At 186.5p a share, Chieftain is valued at £16.3m. 

© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds