Getech Group's Shares Rise on New Geoscience Data, Energy Software Contract

By Sabela Ojea

Shares in Getech Group PLC rise Tuesday after the company said it has secured a new contract worth around 1.2 million pounds ($1.6 million) for its geoscience data and energy software products.

The London-listed provider of data, knowledge and software to the energy industry said the contract includes annual and multiyear licenses with new and existing customers, which will add to the company's recurring revenue and orderbook.

Shares at 0829 GMT were up 3.60 pence, or 13%, at 30.80 pence.

Write to Sabela Ojea at @sabelaojeaguix

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