Scottish oilfield services business ROMAR International announced Friday that it boosted turnover to GBP 4 million in 2012 from GBP 2.5 million in 2011.
ROMAR – which specialises in magnetic separation products and services for offshore oil and gas – said the growth came on the back of a successful year for the company in which it secured a multimillion pound contract extension with French major Total. ROMAR aims to increase revenue by 25 percent over the next 12 months.
ROMAR Commercial Director Robbie Gray commented in a company statement:
"2012 has been ROMAR’s most successful year to date; we achieved profits which were 25 percent ahead of our business plan. Our continued growth reflects our dedication to the standard of products we provide our clients and the commitment of our staff.
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