Trading update

RNS Number : 2431W

GETECH Group plc

24 January 2013

 



24 January 2013

GETECH Group plc

("Getech" or the "Company")

Trading update

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, announces a trading update.

In the five months to December 2012 the Company has announced a number of major contracts including five further Globe sponsors and two substantial sales of its global gravity and magnetic datasets. In light of these contracts, and the committed and likely future sales for the current year, the Company expects to exceed current market expectations for the year to 31 July 2013.

Getech's Chief Executive, Raymond Wolfson, commented, "The first part of our financial year has been extremely successful, with the strong uptake of Globe and continuing strong data sales including two major sales of our global gravity and magnetic data products. As we have stated previously, we are seeing a strong synergy between the sales of Globe and sales of other products and services, and we anticipate that this will continue. We now have forward income, mainly but not solely from Globe, and a prospective sales pipeline that taken together give us confidence that our performance for the year as a whole will exceed expectations."

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]

 

END

 

 

TSTBJMRTMBMTBLJ