Energy services company Valmec Limited (ASX:VMX) has been granted an ASX trading halt in relation to the entry into and completion of an acquisition.
The halt will last until the earlier of the announcement being made or the commencement of trade on Thursday, 18th December 2014.
It reported its inaugural profit of $5.04 million in the financial year ended 30th June 2014 on revenue of $50.1 million.
In July, it secured $10.5 million worth of service contracts in Western Australia through its gas and multi-discipline divisions.
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