Greka has announced its 2014 results. These were marginally behind our revised forecasts at the sales level with higher-than-expected cost of sales, admin costs and interest resulting in a loss per share of (1.4c) versus our (1.3c). We already knew 2014 was a challenging year but 2015 is shaping up better with commencement of work on 30 lifabrics for Green Dragon expected to begin during April. The contract with Essar in India is underway with a further 88 wells to drill though this is progre

13 Apr 2015
Full Yr To 31 Dec Results

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Full Yr To 31 Dec Results
Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m
- Published:
13 Apr 2015 -
Author:
Daniel Slater -
Pages:
4 -
Greka has announced its 2014 results. These were marginally behind our revised forecasts at the sales level with higher-than-expected cost of sales, admin costs and interest resulting in a loss per share of (1.4c) versus our (1.3c). We already knew 2014 was a challenging year but 2015 is shaping up better with commencement of work on 30 lifabrics for Green Dragon expected to begin during April. The contract with Essar in India is underway with a further 88 wells to drill though this is progre