Tough times continue at Welltec

The Danish oil services company delivers yet another quarterly deficit, but sees positive indications for the next year.

by MAZ PLECHINGER

Things are far from positive at Welltec, after third-quarterly figures revealed a decline at the Danish oil services company across the top and bottom. The financial report, released Monday, shows a 5.3-percent reduction in revenue down to USD 44.5 million and a negative USD 12 million in EBIT.

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