Turnover for the Aberdeen-based company to December 2004 was more than 12 per cent up on the previous year, well in excess of the £5 million that the company had forecast and Labtech's best results for seven years.
Order books were extremely healthy, with 75 per cent of sales catering for overseas markets.
Key projects undertaken included:
The increased workload and an anticipated further rise in orders have led to promotions for two key members of staff within the company. Former project engineers Norman Porter and Raymond Criggie have been made project managers with the joint responsibility of maintaining tight controls of all production activity.
Labtech managing director Jim Manson said: "The past year has been a great one for us, and 2005 is shaping up to be an even greater success.
"We wanted to expand our business into the international market, which was enhanced by our acceptance onto Scottish Enterprise's Global Companies Development Program, and that ambition is being realized. Our cabins and modules are used by clients in all the world's major oil and gas regions, and we are committed to serving the industry's requirements wherever they may be."
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