Greka Drilling has released its H1 2015 results. These reflect the pace of execution on its main Green Dragon and Essar drilling contracts and we expect a significant uptick in H2 both in terms of revenues and margins as the Green Dragon Lifabric contract ramps up. Nevertheless the revenues from Essar in H1 were behind our expectation and overall we have cut our full year numbers on this and an increase in expected tax. We leave 2016 numbers as they are for now. Despite the headwinds in the s
21 Sep 2015
Interim Results
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Interim Results
Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m
- Published:
21 Sep 2015 -
Author:
Daniel Slater -
Pages:
3
Greka Drilling has released its H1 2015 results. These reflect the pace of execution on its main Green Dragon and Essar drilling contracts and we expect a significant uptick in H2 both in terms of revenues and margins as the Green Dragon Lifabric contract ramps up. Nevertheless the revenues from Essar in H1 were behind our expectation and overall we have cut our full year numbers on this and an increase in expected tax. We leave 2016 numbers as they are for now. Despite the headwinds in the s