OGC

Article Abstract:

OGC reported a drop in pre-tax profit for 1st half 1996 and the company's results are unlikely to improve in the second half of this year. Work on oil rigs in the North Sea is declining and new contracts have not been won to offset this. The company also faces a loss on a major contract in Brunei, though its Norwegian business is again profitable. The company benefits from a strong balance sheet. OGC may achieve a profit of 7 million pounds sterling for 1996 compared with 14.2 million pounds for the previous year.

PETROLEUM AND COAL PRODUCTS, Petroleum & Energy Products, Petroleum and Coal Products Manufacturing, Petroleum industry, OGC International PLC

---

Ready for an offshore upturn

Article Abstract:

Chieftain should perform well over the longer term, despite short-term problems with profit. The company has been awarded contracts in mainland Europe and the United Kingdom. Low petroleum prices affected demand for the company's products, but this has changed with an upturn in petroleum prices. Chieftain has a strong cash flow and could make acquisitions. The company could achieve a profit of 700,000 pounds sterling for 1999, rising to 1.1 million pounds for 2000, according to Wise Speke.

Services industry, Service industries, Chieftain Group PLC

---

Looking a lot safer

Article Abstract:

Industrial Control Services has cut its head office costs and is careful only to take on work that is profitable. The gas and petroleum industries account for some 67% of the company's business, but safety is necessary even when petroleum prices fall, and gas prices have been less affected. The company's profit is forecast at some 2.5 million pounds sterling for 1998-1999. This could rise to 6.1 million pounds sterling for 1999-2000, according to Beeson Gregory.

Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use, Energy Control Systems, Environmental controls, Safety equipment and supplies industry, Safety equipment industry, Industrial Control Services

Similar abstracts:

• Abstracts: Dignity and respect for all. Assurance for the future. A firm belief in awards
• Abstracts: Vymura: due for a pasting. Growth pattern. Well-furnished bank balance
• Abstracts: Going global. Loan sharp. Switching tracks at Canadian National
• Abstracts: Is the UK to be an EMU or an ostrich? The euro won't go away. Will EMU finally lay the golden egg?
• Abstracts: Gimme shelter. Let's go to the movies. Rounding out your future: a user's guide to some of the more important costs of living - today, tomorrow and beyond

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.