Try GOLD - Free
Losses widened at offshore cable specialist Tekmar
The Journal
|June 27, 2025
OPERATING losses have widened at North East offshore engineering group Tekmar, amid lower than expected orders.
The cable protection specialist's CEO, Richard Turner, said the business has significant free capacity. Tekmar has offset the slower trading with around £lm of cost savings, including head count management and IT.
First-half results for the listed County Durham firm show a £2.3m group operating loss in the six months to the end of March, compared with a £14,000 operating loss in the same period of 2024. That came as revenue fell to £12.3m from £16.2m.
Around £8m of revenue came from the offshore wind market, which was lower than the comparable period in 2024, and said to be down to timing of contract awards as the sector recovers from well-publicised challenges. Meanwhile, £4m of revenue came from the oil and gas market.
This story is from the June 27, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
We won't risk Gordon unless fit, vows Tuchel
ENGLAND manager Thomas Tuchel has promised Newcastle United that he won’t risk Anthony Gordon unless he is convinced of his fitness.
1 min
November 08, 2025
The Journal
Graeme Whitfield
As someone who tries to be as positive as possible about the political process, a thing that drives me mad is the way that politicians hold their opponents to a higher standard than their own colleagues.
2 mins
November 08, 2025
The Journal
Scotland's dreaming of making history
RUGBY Sione Tuipulotu and Scotland are relishing the challenge of trying to mark 100 years of Murrayfield by conquering the All Blacks for the first time ever today.
1 mins
November 08, 2025
The Journal
Big home improvements are needed for the Heed
GATESHEAD manager Alun Armstrong has set his sights on improving his side’s dismal home record as they meet Solihull Moors at the International Stadium.
2 mins
November 08, 2025
The Journal
Gunners boss praise for 'one of the best' signings this summer
ARSENAL boss Mikel Arteta has hailed Sunderland midfielder Granit Xhaka as “one of the best” signings this summer ahead of today's reunion.
1 mins
November 08, 2025
The Journal
Drink-driver who crashed his car into a tree banned
A DRINK-DRIVER was caught when he ploughed his car into a tree in a busy Northumberland town.
1 min
November 08, 2025
The Journal
Beat the burglars
Protect your property during the darker nights, says SAM WYLIE-HARRIS
2 mins
November 08, 2025
The Journal
Pep joins the 1000 club with Sir Alex
SIR Alex Ferguson has congratulated Manchester City boss Pep Guardiola ahead of his 1,000th match as a manager.
1 mins
November 08, 2025
The Journal
Higher tax required for online betting, say MPs
THE Government should not “cave in to industry scaremongering” and tax online betting games at a rate that reflects their harm, MPs have said.
1 mins
November 08, 2025
The Journal
Prepare for the depths of winter
NOW IS THE TIME TO LOOK AFTER YOUR POND - OR EVEN START BUILDING ONE
2 mins
November 08, 2025
Listen
Translate
Change font size