UK's Hunting falls on lower-than-expected H1 results

Hunting

29/08/2024 08:49

** British energy services firm Hunting Plc  HTG.L  down
6.3% at 402p
    ** Posts H1 revenue of $493.8 mln vs Jefferies estimate of
$513 mln
    ** Core profit for H1 also came below estimate at $60.3 mln
    ** Co reiterates FY profit outlook, sees EBITDA at about
$134-138 mln
    ** Separately, Hunting says secured organic oil recovery
contracts up to $60 mln from North Sea operators 
    ** Stock up about 36% YTD


 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))