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Preliminary Results for the year ended 31 December 2007
Zirax, the AIM quoted speciality chemical company focused on the development, production and sale of oilfield process chemicals and de-icing solutions, announces its preliminary results for the year ended 31 December 2007.
Financial Highlights
• Total revenues up 23% to $30.7m (2006: $25.0m)
• Pre-tax profit up 35% to $5.3m (2006: $3.9m)
• Oilfield Process Chemicals operating profit up 40% to $2.2m (2006: $1.6m)
• De-icing Solutions operating profit up 9% to $3.7m on reduced revenue (2006: $3.4m)
• Basic EPS has increased by 33% to 2.17 cents (2006: 1.63 cents)
Operating Highlights
• Rosignano plant commenced production, significantly increasing capacity
• Now second largest supplier of calcium chloride pellets globally and the leading supplier in the Eastern Hemisphere
• Acquisition of Solith in January 2008
• Fifth consecutive award of Moscow de-icing contract
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| Stock quote Zirax plc |
| Code |
ZRX
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| Name |
Zirax plc
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| Cur Price |
GBX 8.375
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| +/- |
-0.25
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| % +/- |
-2.90
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28-Aug-2008 9:06:33
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