Welltec's interest payments keep bottom line in deficit
The former growth comet shows higher revenue and operating income in the year's third quarter, but big interest payments on its debt keep the company's bottom line in red.
by OLE ANDERSEN
Interest payments on a USD 9 million debt continue to put a substantial strain on oil-technology company Welltec's bottom line, exiting the third quarter with a net deficit of USD 7 million.
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