Hardide Warns On Oil, Gas Markets
22 Februar 2016 - 8:50AM
Dow Jones News
LONDON--Hardide PLC (HDD.LN), an engineering surface coating
technology company, Monday warned demand from the oil and gas
exploration and production markets is "very subdued", but said it
is confident about its prospects.
"The board continues to monitor the oil and gas markets closely
and is keeping the company's cost base under tight control," it
said in a trading statement ahead of its half-year results.
Still, it said the technical approval of the coating by Airbus
Group SE (AIR.FR), the recently-announced long-term supply contract
for components for the X-ray baggage scanner and other potentially
high-value applications currently in test give the board confidence
about the medium and long term prospects of the company.
Shares closed Thursday at 1 pence.
--Write to Simon Zekaria at simon.zekaria@wsj.com
(END) Dow Jones Newswires
February 22, 2016 02:35 ET (07:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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