Profits up at Oyster Marine
Profits up at Oyster Marine
By IBI Magazine
Oyster Marine has reported an increase in turnover to £49.86m for its financial year ending December 31, 2008, up from £46.35m for the previous year. Operating profits and profits on ordinary activities before interest and taxation rose from £3.70m in 2007 to £4.73m in 2008.
The order book at year end for the UK yacht firm was in excess of £70m. The group balance sheet remains healthy with the year end cash and short term investments balance at £11m (2007: £12m). During the year average staff numbers increased to 256 from 239 in 2007.
On February 18, 2008 the entire share capital of the Group was acquired by a group of companies headed by Ocean Wave Group, backed by the Balmoral Capital organisation.
EMS for Marine Surveys - All Types, Boat Surveyors, ADR Dispute Mediation, Project Management
By IBI Magazine
Oyster Marine has reported an increase in turnover to £49.86m for its financial year ending December 31, 2008, up from £46.35m for the previous year. Operating profits and profits on ordinary activities before interest and taxation rose from £3.70m in 2007 to £4.73m in 2008.
The order book at year end for the UK yacht firm was in excess of £70m. The group balance sheet remains healthy with the year end cash and short term investments balance at £11m (2007: £12m). During the year average staff numbers increased to 256 from 239 in 2007.
On February 18, 2008 the entire share capital of the Group was acquired by a group of companies headed by Ocean Wave Group, backed by the Balmoral Capital organisation.
EMS for Marine Surveys - All Types, Boat Surveyors, ADR Dispute Mediation, Project Management
posted by EMS @ 10:05 AM
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