Profit Up At Harris Pye Group
Even With Turnover Down, Profit Still RisesHarris Pye, a specialist repairer in the offshore oil and gas market has announced a profit after tax of £3.9million compared with £3.6million in 2011. Earnings before depreciation amortisation and interest amounted to £9.7milllion (2011, £9.8million). The Group has improved its margins on contracts and has strengthened its’ worldwide presence. Chris Trigg the Group Financial Director stated, “The management team are extremely pleased with the current year’s results and the Group has strengthened its’ position, particularly in the offshore oil