KCA Deutag said yesterday it was on course to match its 2010 earnings this year following a sharp fall in 2011.
Earnings before interest, tax, depreciation and amortisation at the Aberdeen-based international drilling and engineering contractor, fell to £134.5million last year, from £175.4million in 2010, according to accounts released by Companies House yesterday.
Pre-tax profits for 2011 came in at £245million, against losses of £478million the year before, while operating profits were £336.4million, compared with a £364.6million deficit in 2010.