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Getech shares soar after contract win


Published Sep 9, 2014
Getech Group Plc.

Getech Group Plc. is attracting much attention after announcing its largest ever single new contract, sending its shares as much as 25% higher.

Getech was awarded a contract by the Angolan National Oil Company, (Sonangol) worth $5 million.

Sonangol has responsibility for overseeing and managing the oil and gas exploration and production in Angola.

This new proprietary services contract will be undertaken by the company’s Commissions division, Getech said. Work is due to start immediately according to the company, which said it anticipates most of the income will be recognized in the current financial year.

Tags: Getech Group Plc.




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