JDR, a leading provider of technology connecting the global offshore energy industry, has provided an update on its trading performance for the nine months ended 30 September 2012.
Highlights
Andrew Norman, Chief Executive of JDR , commented:
“JDR has delivered a strong performance in the first nine months of 2012, with revenues increasing by a record 75% to £85.6m. These results were driven by strong demand across all of our product lines, in particular demand for longer and larger subsea umbilical and power cables. We have also seen improved productivity following significant investments in our new manufacturing facility in Hartlepool and across the business in general.
“We are confident that the Group will continue to deliver strong results to 31 December 2012, and we expect market conditions to remain favourable. JDR is well positioned to deliver strong revenue and earnings growth from its diverse portfolio of products in 2013.”
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Press release, November 13, 2012; Image: jdrcables