Patsystems doubles pre-tax profit

10 Aug 2007

Independent software vendor Patsystems increased its pre-tax profit by 57% for the first half of the year compared to the same period in 2006, rising to £639,000 versus £408,000. The growth is...

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“One of our key predictions for 2011 was that geopolitical tensions will simmer more vigorously this year, particularly in the context of a market in which incremental non-Opec volumes are becoming more difficult to bring on stream and in which Opec spare capacity gets more noticeably stretched.”

BarCap's 2011 oil outlook looks increasingly accurate.