Hunting's profit rises 11 pct on high oil prices

Thu Aug 28, 2008 7:36am BST
 
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LONDON (Reuters) - Oil services company Hunting (HTG.L) said on Thursday half-year profit from continuing operations rose 11 percent to 23.9 million sterling .

Hunting sees continued improvement in the second half with the oil industry remaining robust. It is also seeking complementary acquisitions as demand continues to outpace supply, it added.

Oil services companies are recording strong profits as high oil prices prompt more investment in exploration and production.

(Reporting by Hsu Chuang Khoo; editing by Rory Channing)

 
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