Integra’s revenues go down 42.2%
5 May 2010 (09:12)
Integra Group, the O&G machinery manufacturing and maintenance company, saw a 42.2% drop in revenues in 2009; the figures plummeted down to $836.2m due to sagging demand for O&G maintenance services, the group’s report states.
The enterprise’s net loss reached $118.9m last year.
At the same time, the company’s EBITDA margin rose to 13.1% as a result of the company’s cost-cutting efforts throughout the year. Also, Integra’s free cash flow was on the rise, which made it possible for the company to reduce the amount of borrowed funds to $175.4m.
The enterprise’s net loss reached $118.9m last year.
At the same time, the company’s EBITDA margin rose to 13.1% as a result of the company’s cost-cutting efforts throughout the year. Also, Integra’s free cash flow was on the rise, which made it possible for the company to reduce the amount of borrowed funds to $175.4m.
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