Welltec continues to grow

2012 was a good year for Welltec. With a net profit of USD 22.7 million for 2012, the company achieved a better result than expected, according to Welltec's annual report 2012, published today.

Photo: Copyright Welltec®

Welltec, the Danish supplier of well technologies for the offshore industry, has every reason to be pleased. With a net profit of USD 22.7 million and a total revenue of USD 299.3 million, the company surpassed the expectations outlined in its annual report 2011, falling in line with the guidance presented in the financial report for the 3rd quarter, according to the company's annual report 2012, published today.

Welltec had a total revenue of USD 214.8 million in 2011.

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