Bought-Out Oil Firm Hits Pounds 13.4m Profits

Summary


ACOMPANY which makes parts for the oil and gas exploration industry has increased its profits in the year since it was bought out and is now looking to continue its major investment in machinery.

Gateshead-based Anson hit a turnover of pounds 62m in the 66 weeks to December 31, 2009, compared to pounds 47m in the previous 52 weeks, with pre-tax profits up from pounds 12m to pounds 13.4m.

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Bought-Out Oil Firm Hits Pounds 13.4m Profits

The unusual accountancy period is down to the takeover of the firm early last year by US oil and ga...

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