BRIEF-Hunting Posts H1 Profit Vs Year-Earlier Loss

Aug 30 – Hunting PLC:

* H1 UNDERLYING PROFIT FROM OPERATIONS $53.5 MILLION VERSUS LOSS OF $9.3 MILLION YEAR AGO

* H1 REVENUE $442.8 MILLION VERSUS $318.1 MILLION YEAR AGO

* INTERIM DIVIDEND DECLARED OF 4 CENTS IN H1 (H1 2017 – NIL)

* H1 GROSS MARGIN OF 31 PERCENT (H1 2017 – 22 PERCENT)

* H1 EBITDA MARGIN OF 16 PERCENT (H1 2017 – 4 PERCENT)

* H1 RESULTS UNDERPINNED BY STRONG MARKET ENVIRONMENT WITHIN US ONSHORE COMPLETIONS

* OUTSIDE THE US, THERE ARE HEADWINDS GIVEN INTRODUCTION OF TRADING TARIFFS FOR STEEL, CONTINUING VOLATILE GEOPOLITICAL ENVIRONMENT

* ASIA PACIFIC, CANADA, EUROPE, MIDDLE EAST AND E&P SEGMENTS REMAIN LOSS-MAKING IN H1 Source text for Eikon: Further company coverage:

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