ADES profit falls as IPO costs offset revenue rise

ADES International Holding Ltd. (ADES.LN) on Tuesday reported an 11% fall in pretax profit for the first half of 2017, despite increased revenue due to costs associated with its initial public offering. The Middle East and Africa-based oil and gas drilling company made a profit of $16.6 million for the six months ended June 30, compared to $18.


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