Enteq Upstream Plc posts 58% revenue growth for H1FY20

  • Nov 14, 2019 GMT
  • Team Kalkine
  • Enteq Upstream Plc (NTQ) has reported its interim results for the six months ended 30 September 2019.
  • The company posted strong growth in revenue of 58 per cent to US$6.5 million as compared to US$4.2 million.
  • Adjusted EBITDA of the company surged by 143 per cent to US$1.5 million as compared to US$0.6 million.
  • The adjusted EBITDA margin stood at 23 per cent as compared to 15 per cent as of September 2018.
  • The company was having a cash balance of US$10.7 million as at the end of the reported period as compared to US$11.8 million as at 6 Months ended 30 September.

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