Scidev Ltd - SciDev delivers Record A$9.4m Quarterly Sales
Scidev Ltd (ASX:SDV)

SciDev delivers Record A$9.4m Quarterly Sales


What's happened?

SciDev Limited (ASX:SDV, "SciDev") have released its Quarterly Activities Report for the period ended 30 September 2020.

What are highlights?

  1. Record quarterly sales to customers of A$9.4m with strong contributions from all sectors.
  2. September was the second highest sales month for the company with sales of A$4.6m.
  3. Strong performance from the Oil & Gas Sector with A$2.1m of sales in September.
  4. Strong business development pipeline with field qualifications underway across all sectors.
  5. Expansion in construction, new services in oilfield and new chemistry sales in mining.
  6. Positive un-audited net profit before tax recorded for the quarter of A$0.5m.

For further information, please refer to the link below.

Managing Director's Summary

Lewis Utting

"The September quarter business performance was outstanding and sets the scene for a strong FY2021. After a COVID impacted June quarter, our growth across all verticals in the September quarter was exceptionally pleasing. With our range of contracts with Bluechip customers and numerous field qualifications scheduled to commence in the December quarter the outlook for the company is strong. I am very pleased that we have been able to deliver a quarter of strong growth and underlying net profit and I would like to thank all the staff at SciDev for their outstanding work efforts during the quarter. We look forward to continuing to deliver on our range of growth opportunities over the coming quarters."

Lewis Utting
Managing Director, Scidev Ltd

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