UPDATE 1-Cosalt says trading to date in H2 in line with own view
* Q3 rev from marine division flat, offshore rev up * Says confident about long-term prospects (Adds details)
Sept 18 (Reuters) - Marine safety group Cosalt Plc (CSLT.L) said on Friday trading to date in the second half remained in line with its expectations aided by contract wins and that it was confident of the long-term prospects.
The company said it was awarded several contracts in the period, including a three-year contract worth up to 4.5 million pounds ($7.4 million) each year from BP (BP.L) to supply all lifting equipment to BP and its subcontractors in the North Sea.
During the third quarter to Aug 3, revenue in Cosalt Marine were 15.5 million pounds, a level consistent with the comparable period last year, the company said. Revenue from Cosalt Offshore rose 28 percent to 12.5 million pounds.
The group is well placed to take advantage of both specific opportunities in its offshore and marine markets and a general upturn in economic activity, it added. ($1=.6102 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Jarshad Kakkrakandy)
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