SDRL - Seadrill Limited Announces First Quarter 2016 Results
(Thomson Reuters ONE) -
Highlights
* Revenue of $891 million
* EBITDA of $528 million
* 96% economic utilization
* Reported Net Income of $88 million and diluted earnings per share of $0.15
* Cash and cash equivalents of $1.09 billion
* The Seadrill Group achieved 97% economic utilization
* Seadrill Group orderbacklog of approximately $9.1 billion
Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said
"During the first quarter we achieved record operational uptime and we continue
to see the benefits of our cost reduction program coming through.
Our key priorities for the year are cost reduction, managing newbuild deferments
and concluding our financing plans, while ensuring that we continue to maintain
safe and efficient operations. I am pleased to say we have made good progress in
all three areas during the first quarter."
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Seadrill 1Q 2016:
http://hugin.info/135817/R/2015694/747417.pdf
Seadrill Fleet Status 1Q 2016:
http://hugin.info/135817/R/2015694/747415.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via GlobeNewswire
[HUG#2015694]
Unternehmensinformation / Kurzprofil:
Datum: 26.05.2016 - 08:04 Uhr
Sprache: Deutsch
News-ID 473773
Anzahl Zeichen: 1872
contact information:
Town:
Hamilton
Kategorie:
Business News
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