North East offshore group Tekmar has signalled a potential end to a turbulent period with a record order book and increased revenues.
The Darlington firm has released half-year results to the end of March in which revenues rose from £13m in the same period last year to £17.7m. It said it had seen particularly strong growth in its offshore energy and marine civils divisions.
The firm remained loss-making, partly due to foreign exchange movements, but the losses had narrowed on the previous period and the company said it expects to break even in the current financial year with revenues of around £40m. It said 90% of that figure was already secured and it had a record order book of £26m after a number of recent contract wins.
