Technics posts 6% rise in 3Q net profit to $7.47m

Technics Oil and Gas, the full service integrator of compression systems and process modules for the global offshore oil and gas sector, says net profit attributable to equity holders increased by 6% to $7.47 million for the three months ended 30 June 2011 (3Q FY2011) compared to $7 million for 3Q FY2010. The was achieved by a 66% growth in revenue to $45.7 million from $27.5 million.