Gulf Marine Services up on raising FY core profit outlook

Gulf Marine Services

28/10/2024 08:41

** Shares of UK-listed Gulf Marine Services  GMS.L  up 4.1%
at 19.2p, top pct gainer on FTSE smallcaps  .FTSC  index  
    ** The oilfield industry contractor raises 2024 adjusted
core profit guidance to $96 mln-$101 mln vs previous forecast of
$95 mln-$100 mln 
    ** Posts revenue for 9M 2024 of $126.1 mln vs $113.3 mln
last yr 
        ** Says results helped by higher fleet average day rates
    ** "Demand in the market remains strong due to a combination
of high market activity and limited vessel availability" - GMS 
    ** As of last close, stock up ~27.24% YTD
    
   

 (Reporting by Ankita Bora in Bengaluru)
 ((Ankita.Bora@thomsonreuters.com))