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Northbridge Industrial Services Plc

Beach shares surge on east coast gas

Beach Energy is riding the high east coast gas prices but still sees value in the oversupplied WA market.

The Adelaide-based company yesterday reported a net profit for the 12 months to June of $577 million, almost triple the previous year.

Beach chief executive Matt Kay said two thirds of planned spending would target the east coast gas market.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.