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Pipeline firm Stats shrugs off the pandemic with bigger profits


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North-east pipeline technology specialist Stats (UK) has shaken off Covid challenges to rake in higher earnings.
Pre-tax profits raced ahead to more than £1 million in the calendar year 2020, from around £183,000 in the previous 12 months, while turnover surged by nearly 9% to £42.5m.
Stats, which runs operations globally from headquarters in Kintore, Aberdeenshire, also highlighted a strong Ebitda (earnings before interest, taxes, depreciation and amortisation) performance. ....

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