Oil and gas is a tough place to be at the moment. In fact over the past few weeks, there’s been another spate of profit warnings – aka Pressure Technologies, Northbridge Industrial Services and Dialight – all thanks to dwindling demand and the decline in the crude price. Nonetheless, the blood-letting is not everywhere, as there are still some pockets of strength, which are helping KBC to not only keep its head well above water, but also deliver 10% growth in adjusted PBTA this year.
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Steady as she goes
Oil and gas is a tough place to be at the moment. In fact over the past few weeks, there’s been another spate of profit warnings – aka Pressure Technologies, Northbridge Industrial Services and Dialight – all thanks to dwindling demand and the decline in the crude price. Nonetheless, the blood-letting is not everywhere, as there are still some pockets of strength, which are helping KBC to not only keep its head well above water, but also deliver 10% growth in adjusted PBTA this year.