air energy

Air Energi releases financial results:

Air Energi Group Ltd is pleased to announce its results for the year ended 31st December 2007.

2007 Financial highlights

Turnover £84.2m (2006: £70.1m) up 20%
Gross profit £9.3m (2006: £5.4m) up 73%
Operating profit £3.0m (2006: £1.7m) up 75%
Profit before tax £2.2m (2006: £1.1m) up 99%
Net assets £3.3m (2006: £1.5m) up 116%
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Operating highlights

• Newly enlarged group now in place and aligned to providing a truly global presence in the oil and gas sector
• Continued strong growth across the globe with Asia Pacific and the Middle East increasing by 59% and 63% respectively
• Operating in over 50 countries.
• Increasing number of contract placements featuring candidates who move from project to project, and country to country, with Air Energi
  

Commenting on the results, Ian Langley, Chairman of Air Energi said:

“2007 was a another successful year for Air Energi where we go from strength to strength in supplying recruitment and global Manpower solutions. Our strategy is focused on the worldwide oil and gas sector and we continue to ensure we lead the way in levels of services offered in this demanding market place.”