News blog
Gas Turbine Efficiency
- BY: Andrew Hore |
- POSTED: 24/03/2010 |
Gas Turbine Efficiency says that trading is improving.
GTE supplies equipment to clean aero engines and industrial gas turbines in order to make them more efficient. Revenues are expected to be between $9.5m and $10m in the first quarter of 2010, compared with $7.4m in the first quarter of 2009.
Trading weakened in the second half of 2009 but it is picking up again. Greater emphasis on fuel efficiency is helping. A $1.6m order was recently won from Pratt & Whitney.
Full year figures will be published on 23 April.
At 13p a share, up 2.5p on the day, GTE is valued at £13.2m.
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