Hunting (GB:HTG) has released an update.
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Hunting PLC has reported a solid 16% year-on-year rise in EBITDA to approximately $87 million up to Q3 2024, driven by robust performance in its OCTG and Subsea technologies sectors. The company has also secured $300 million in new borrowing facilities to enhance growth opportunities, despite facing challenges in the US onshore market due to low natural gas prices. With a strong order book and improved liquidity, Hunting is focusing on strategic acquisitions to expand its presence in various sectors.
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