air energi

Air Energi releases financial results:

Air Energi Group Ltd is pleased to announce its results for the year ended 31st December 2008. 

2008 Financial highlights

Turnover £113.7m (2007: £84.2m) up 35%
Gross profit £13.5m (2007: £9.3m) up 45%
Operating profit £4.9m (2007: £3m) up 65%
Profit before tax £4.0m (2007: £2.2m) up 98%
Net assets £3.7m (2007: £3.2m) up 14% 

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
  
• 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:

“2008 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.”