Trading update

RNS Number : 7513I

GETECH Group plc

30 July 2012

 



GETECH Group plc

("GETECH")

Trading update

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, announces a trading update in respect of its year ended 31 July 2012.

On the basis of the generally strong performance of all parts of the business, GETECH now expects that its results for the year to 31 July 2012 will exceed current expectations.

GETECH's Chief Executive, Raymond Wolfson, commented, "We are extremely pleased with the strong contributions from all parts of the business in the current year. The successful launch of the multi-year Global Programmes and the continuing strong performance with data sales have combined to generate a result that will exceed the current expectations for the year. I am also pleased to be able to confirm that at the year-end we will report improved forward visibility of income and stronger cash balances. I believe that these, combined with the strong client interest in our products and capabilities, will provide the foundations for continued success in the following years."

Enquiries

GETECH Group plc Raymond Wolfson, Chief Executive	Tel:  [phone]
WH Ireland Limited Katy Mitchell	Tel:  [phone]
Walbrook PR Helen Westaway	Tel:  [phone] Mob: [phone] [e-mail]

 

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