On 17 May Medserv plc published its Interim Directors’ Statement covering the first quarter of 2010. During this period the Group registered a slight decline in operations when compared to the same period last year as newly contracted exploratory engagements were delayed. Consequently the financial results for the period under review were negatively affected. The Directors explained that the awarded and contracted exploratory support services are now expected to commence in the third and fourth quarter of 2010.
In conclusion, the Directors’ explained that the Medserv Group remains cautiously optimistic and continues to maintain its drive to attract new business as well as diversify its revenue streams.