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Enteq Upstream 'delivering growth well in excess of its end-market'

Proactive Research analyst Ed Stacey discusses Enteq Upstream's (LON:NTQ) first half trading.

The company reported that revenues are expected to be up +50% year-on-year, with adjusted EBITDA doubling for the period. 

These figures are ahead of previous management expectations.

Stacey says the revenue figure demonstrates that Enteq continues to deliver growth well in excess of its end-market. In particular, he says, Enteq benefited from large orders from China, which has been a target market for growth.

Quick facts: Enteq Upstream PLC

Price: 12 GBX

AIM:NTQ
Market: AIM
Market Cap: £8.09 m
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Enteq Upstream PLC: Analyst expects new business opportunities to lead to...

Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC's (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He...

on 1/7/20

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