Drilling technology firm Enteq saw third quarter losses narrow following a series of acquisitions over the last year.
The company, which bought out XXT and KMS & Pro-Flow last summer, saw losses fall by £600,000 to £1.55million compared to the same period last year.
Revenues almost doubled at the Buckinghamshire based company, to £6.5million, as the company now looks to develop the drilling arm of its business.
“The results shown in the first half of this year are indicative of a strong product line performing well in a recovering market,” said chief executive Martin Perry.
“The acquired businesses have been strengthened in terms of physical infrastructure, management processes, product offering and sales capacity.
“These investments are beginning to show real returns and position the business well for further growth.”
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