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Insider UK
Insider UK
National
John Glover

Aberdeenshire pipeline tech group ups revenue to just under £50m

Stats Group has increased its revenue to just under £50m, while its earnings before interest rose to £7.8m, up from £6.5m a year earlier.

The pipeline technology firm's accounts for the year ending 31 December 2021 showed revenues increased by 17% - or £7.2m - to £49.7m, while pre-tax profits rose from £1m to £1.5m.

Its strongest performing region was the Middle East, with its revenue there increasing from £7.9m in 2020 to £11.6m last year, while in Malaysia income was also up, to £1.4m.

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