Leeds spin-out Getech is expecting to report pre-tax earnings of $1.67m.
Getech, an oil exploration firm, is ending the financial year on a high note. The Leeds University spin-out is expecting to report pre-tax earnings of £1m ($1.67m), down from the original expectation of £2.4m ($4m).
While it is ending the year with £3m ($5m) worth of contracts in its pockets, the revised lower earnings are the result of a lower overall spending in the oil and gas exploration industry. Getech’s revenue in the past 12 months reached £6.6m ($11m).
The…
