Plexus has released interims results for the six-months to 31 December 2023 showing a transformative 617.5% increase in revenue and a strong return to profitability. Progress in the period included the £5m plus order for its proprietary POS-GRIP HG wellhead equipment and sealing technology for a special subsea project application increasing to £8m plus, with the potential for further increases. In addition, an expanded $5.2m IP licence agreement with SLB (previously Schlumberger) replacing the p ....
18 Mar 2024
Plexus Holdings - A transformative H1/24 sees strong return to profitability
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Plexus Holdings - A transformative H1/24 sees strong return to profitability
Plexus Holdings (POS:LON) | 16.0 0 0.0% | Mkt Cap: 16.9m
- Published:
18 Mar 2024 -
Author:
Ian McInally -
Pages:
8
Plexus has released interims results for the six-months to 31 December 2023 showing a transformative 617.5% increase in revenue and a strong return to profitability. Progress in the period included the £5m plus order for its proprietary POS-GRIP HG wellhead equipment and sealing technology for a special subsea project application increasing to £8m plus, with the potential for further increases. In addition, an expanded $5.2m IP licence agreement with SLB (previously Schlumberger) replacing the p ....