Medserv plc – Interim Financial Statements June 2009

September 1, 2009

Medserv plc announced that the Board of Directors approved the Half-Yearly Financial Statements of the Company for the period ending June 30, 2009.

The Group registered a rise of 38.21% in its Revenue for the first six months, from EUR 5.91 million in 2008 to EUR 8.17 million in 2009. Profit before tax for the same period increased by EUR 829,563, from EUR 684,166 in 2008 to EUR 1.54 million in 2009, a rise of almost 125.5%. The Group stated that “the results achieved by the Group in the first half of the year meet the Group’s forecasts. The dampening of demand for oil in the global market did not affect the contracts secured by the Group last year. The Libyan subsidiary, Medserv Misurata FZC has contributed to more than 35% of the overall Group results.” Earnings per share for the period increased from EUR 0.078 to EUR 0.129.

To view the Interim Financial Statements, Click Here.