KBC Advanced Technologies unveils drop in annual profits

KBC Advanced Technologies, a consultancy and software provider to the hydrocarbon sector, reported a fall in annual profits as a result of reorganisation costs.

KBC Advanced Technologies, a consultancy and software provider to the hydrocarbon sector, reported a fall in annual profits as a result of reorganisation costs.

The company posted pre-tax profit of £3.7m for 2012, down from £4.9m the prior year, as the group underwent a significant year of change including new leadership and restructuring.

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