Expro to fall short of market expectations

By Julian Goldsmith, 24 September 1999 15:31

NEWS UK oilfield services group, Expro International, has warned investors that it will not meet market expectations for the first half of the current fiscal year, but claimed the its business was still on track. In a prepared statement, the company said it would not be able to show results comparable with performance for the same period in the previous year. It assured investors that a recovery was possible through expected contracts for the second half of the year to March 2000 and blamed the current problems on the deferral of a number of oil and gas projects through the year.

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