Company Profile For Hunting Plc

Hunting PLC is an energy service provider to the national and international oil and gas companies. The Company has operations in Canada, China, France, Holland, Hong Kong, Singapore, United Arab Emirates and the United States of America. The segments of the Company are Hunting Energy Services and other operating divisions. Hunting Energy Services is a global provider of upstream oil and gas equipment. On June 1, 2008, the Company acquired 100% of the share capital of Chief Hauling Contractors Inc. On December 12, 2008, the Company sold Gibson Energy Inc. (Gibson Energy), its midstream services operation. In April 2009, the Company acquired National Coupling Company Inc. In June 2009, the Company announced the acquisition of PT SMB Industri, a threading operation located in Batam, Indonesia. In June 2009, the Company completed the acquisition of National Coupling Company Inc. In July 2009, the Company acquired PT SMB, a threading operation in Batam, Indonesia.

BRIEF: For the fiscal year ended 31 December 2008, Hunting plc's revenue increased 10% to £440M. Net income from continuing operations totaled £253.1M, up from £57.4M. Revenues reflect an increase in sales from Well Completion, Well Construction and Exploration & Production segments. Net income also reflects an increased gross profit, higher other operating income and decreased interest expense & similar charges.