Half Year Results 

ADES expands in contracting market

ADES expands in contracting market

ADES International (ADES), a provider of oil & gas drilling and production services in the Middle-East and Africa, was admitted to the main board of the London Stock Exchange in May. Its maiden financial release shows gross profits up by 29 per cent at the half-year stage to $41m (£30m), although the underlying margin came under pressure due to costs associated with the introduction of three offshore rigs in Saudi Arabian waters.

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