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Enteq Upstream's technology partnerships 'now delivering commercial returns'

Enteq Upstream PLC (LON:NTQ) chief executive Martin Perry tells Proactive London's Andrew Scott the firm's revenue and earnings (EBITDA) will likely be ahead of management expectations for the first half of the year.

He says trading shows progressive growth and the financial performance for the six months to 30 September is expected to reveal revenues more than 50% higher than the same period last year.

Perry adds that recent advances in China and a new technology agreement with Shell demonstrate the potential of the business.

Quick facts: Enteq Upstream PLC

Price: 23.5 GBX

AIM:NTQ
Market: AIM
Market Cap: £15.39 m
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Enteq Upstream PLC's international strategy 'delivering real results'

Proactive Research analyst Ed Stacey gives his view on Enteq Upstream PLC's (LON:NTQ) interim results to September 2019 which saw revenues increasing 58% and adjusted underlying earnings (EBITDA) up 143% year-on-year. Stacey says major new customer wins in China reflect the company's...

on 15/11/19

2 min read