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KBC Advanced Technologies

KBC Advanced Technologies plc (KBC) is a leading independent consulting, process engineering and software group, which optimises operating efficiency improves financial performance for clients in the oil refining, petrochemical, and other process industries worldwide.

Interim Results - Upgrade

Excellent first half – good H2 expected

Consultancy services selling strongly; overall demand increasing

Increased forecasts:

2008 PBT up to £5.2m (£4.1m)

2009 revenues up to £54.8m (£48.2m)

2009 PBT now seen at £6.2m (£4.9m)

Price target per share of 110p – 120p maintained

Publication Date:
September 9 2008

Business exceeding expectations, forecasts upgraded

Demand and growth driven by China

Aggressive recruitment underway

Fair value / share now seen at 110-120p vs current 52.5p

Publication Date:
June 12 2008

Good 2007 results, earnings ahead of expectations

Strong growth in contract awards and workload backlog

Software sales increase by 23%

Dividend increased by 50%

Demand remains robust – 2008 should be another good year

Publication Date:
March 18 2008

Positive trading update

The high level of activity in the global oil refining sector has sustained the strong trading seen by KBC in the first half of 2007 through the second half of the year ending 31 December 2007. Consequently the company expects final results in line with market expectations. With oil refining looking robust for the foreseeable future, strong demand for KBC's services and software is expected to see the company continue its growth trajectory in 2008, particularly as the company enters the year with a full first quarter order book.

Publication Date:
January 17 2008

KBC - strong interims

Good Results:

Revenue growth of 6% over the same period last year, PBT increased by 260% as a result of successful implementation of cost controls. Contract awards increased by 60% to £19m, and the order backlog stood at 24% higher at £28m.

The company is clearly benefiting from the strength of the oil market, with crude prices remaining near nominal all time highs and strong refining margins expected to continue for the foreseeable future.

Publication Date:
September 10 2007

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