Gas Week

EWN Publishing

Queensland PearlStreet’s revenue, came in at $8.2 million in 2005, forecast to reach up to $80 million in the current financial year.

Posted by gasweek on 9 October, 2007

PearlStreet, a company that carries out structural testing and monitoring of major resources-related infrastructure such as pipelines, storage tanks and processing plants, did not even exist four years ago, reported The Australian Financial Review (4/10/2007, p.61).

Howzat: The company’s genesis came when Andrew Wooles, who at the time was running a consultancy, took over a maintenance contract for a power station in the state’s south-west. Today, courtesy of a series of acquisitions, PearlStreet controls a nationwide network of more than 500 employees with contracts to companies such as Alcoa, Woodside and BP. PearlStreet’s revenue, which came in at $8.2 million in 2005, was forecast to reach up to $80 million in the current financial year.

The Australian Financial Review, 4/10/2007, p. 61

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