Expro valued at £103.2m
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Shares in Expro International, the oilfield services group, were priced at 175p yesterday, valuing the company at £103.2m. The group, a management buyout from Flextech which includes BP, Shell and Elf on its customer list, is issuing 29.2 million shares of which 7.3 million are subject to clawback under the public element of the offer.
Yesterday's prospectus forecast operating profits of £12m for the year to March compared with £10.4m last year. In the year to March 1992 profits were £7.6m. Expro has a strong reputation in the management of oil and gas wells from the exploration stage through to development and production and operates around the world. More than half its sales are overseas.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments