Neptune Surfaces in Mansfield
03-02-2010. ...
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Neptune Reports HY2010 Normalised NPAT of $1.3 Million
02-24-2010. Revenue stable at $84 million
Bidding activity increasing across all markets
Solid balance sheet - $37 million of cash at bank and gearing at 8%
Strengthened management team and operating procedures
Pick up in tendering activity on ongoing IRM projects and multi-year contracts
On ...
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Earnings and Trading Update
01-21-2010. Neptune Marine Services Ltd (ASX: NMS) today announced that, as reported to shareholders at its Annual General Meeting in November 2009, earnings for the first half of FY2010 will be well below that of the previous corresponding period.
This is largely due to a sharper than anticipated decline ...
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USUS to Change Name and Location
01-21-2010. The management at US Underwater Services is pleased to announce that the company will soon be changing its name from US Underwater Services, LP to Neptune Underwater Services (USA), LLC. Along with this name change, the company will be moving from Burleson, Texas to a larger facility in Mansfield, ...
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Neptune Secures Multiple Works on Gorgon
01-12-2010. Provides scope for ongoing work as Gorgon development progresses
LNG projects in Australia and Qatar offer significant upside for NMS
Activity in offshore markets increasing Neptune has secured approximately $50 million of new works in first half of FY2010
Neptune Marine ...
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Neptune Signs Three Year Deal With Shell UK
12-02-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that its Aberdeen based engineering division, Neptune Subsea Engineering, has signed a new contract with global energy major Shell UK for the provision of subsea engineering consultancy services. Under the terms of the agreement Neptune Subsea ...
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Neptune Secures a New Round of International Contracts
11-26-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that it has been awarded a new round of international contracts for some of the oil and gas industrys leading operators.
Spanning all of the worlds major geographic regions, the contracts include:
A combined services project off the ...
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Neptune Completes Acquisition of Aberdeen's Submersible Technology Services
11-23-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that it has completed the acquisition of Aberdeen based Submersible Technology Services (Holdings) Limited (STS), a leading provider of remotely operated vehicle (ROV) and survey support services to the offshore oil and gas ...
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NEPSYS Dives to New Depths
10-13-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that its patented NEPSYS dry underwater welding technology has been qualified to -70msw (-230fsw) following a program of research and development testing conducted recently at the National Hyperbaric Centre in Aberdeen, Scotland.
The ...
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Neptune Lays Foundation for Accelerated Expansion in ROV Services
09-01-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that it has signed a Letter of Intent (LOI) for the acquisition of Aberdeen based Submersible Technology Services (Holdings) Limited (STS), a leading provider of remotely operated vehicle (ROV) and survey support services to the offshore ...
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Neptune Doubles FY09 Revenues and Profits
08-27-2009. Revenue of $188.9 million (FY08: $86.7m)
Normalised NPAT of $25.1 million1 (FY08:$10.9m)
Accounting NPAT of $21.0 million (FY08: $7.4m)
EBITDA of $43.6 million (FY08: $15.3m)
Cashflow from operational activities of $35.4 million (FY08: $10.9m)
Normalised EPS1 of 8.32c (undiluted); ...
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Neptune Ends Negotiations With USA Based Acquisition Target
07-30-2009. Neptune Marine Services Limited (ASX:NMS) (Neptune or the Company) today announced that it has ended negotiations in relation to the target USA based acquisition announced on 5 June 2009. As stated at that time, the acquisition had been proposed, subject to satisfactorily completing outstanding due ...
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Neptune Doubles Cashflow in 4Q09
07-27-2009. Revenue of $46m ($189m YTD)
Cash receipts from core business of $55m ($188m YTD)
Net cashflow from operations of $16.3m ($30.9m YTD)
Neptune Marine Services Limited (ASX: NMS) today announced its net cashflow from operations during the fourth quarter was $16.3 million, a figure that ...
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Neptune Secures $25 Million Worth of New Projects
07-16-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that it has successfully secured a range of new projects both in Australia and international markets valued at approximately $25 million. All scheduled for completion in the first half of FY2010, the projects include:
A NEPSYS repair ...
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Neptune Signs Letter of Intent with Singapore's Core IRM
07-16-2009. Neptune Marine Services Ltd (ASX: NMS) today announced that it has signed a Letter of Intent (LOI) for the acquisition of Singapore based Core IRM Pte Ltd (Core IRM), a major provider of inspection, repair & maintenance (IRM) services to the oil & gas and petrochemical industries.
Under the ...
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NMS Wins $20 Million of New Work with Blue Chip Clients
05-20-2009. Neptune Marine Services today announced a new round of contract awards valued at approximately $20 million for a range of blue chip clients including Australian majors, Woodside and BHP Billiton.
Contributing further to the $55 million in new and extended activity announced last month, the ...
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Neptune Nets $10 Million in Subsea Fabrication
04-06-2009. Neptune Marine Services today announced that its specialist fabrication business unit, Link Weld Engineering, has been awarded a contract by Acergy Australia for the fabrication of subsea tie-in spools for Woodsides Pluto LNG Project.
Valued at approximately $10 million, the scope of work ...
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Neptune Wraps Up $45 Million in New Contract Work
03-30-2009. Neptune Marine Services today announced that it has recently secured new and extended contracts worth approximately $45 million.
Involving five of Neptunes business units, the projects span Australia, Indonesia, India, Brunei, Hong Kong, the Gulf of Mexico and Russia.
Included in the scopes ...
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Neptune Joins the ASX 300
03-06-2009. Neptune Marine Services was today added to the ASX 300 list, effective March 20,2009.
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Neptune Well Placed Following Record $15.6m Profit Result
02-26-2009.
Revenue: $95 million (1H08: $31.7m)
Reported net profit after tax: $12.9m (1H08: $0.8m; 2H08: $6.6m)
Normalised NPAT: $15.6m (1H08: $2.2m; 2H08: $8.1m)
EBITDA: $24.1m
Operating cashflow strong at $6.4m
Well funded and low gearing with net debt/equity of 17.2%
Completed acquisition of ...
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