SDRL - Seadrill Limited Announces First Quarter 2017 Results
(Thomson Reuters ONE) -
Highlights
* Revenue of $577 million
* Operating loss of $100 million
* EBITDA of $264 million
* 97% economic utilization
* Reported net loss of $158 million and diluted net loss per share of $0.28
* Underlying net loss, excluding non-recurring items and non-cash mark to
market movements on derivatives, was $15 million and net loss per share was
$0.00
* Cash and cash equivalents of $1.3 billion
* Seadrill Limited order backlog of approximately $3.1 billion
Commenting today, Anton Dibowitz, CEO and President of Seadrill Management Ltd.,
said:
"Our primary objective at the moment is concluding final negotiations on our
comprehensive restructuring plan, which is at an advanced stage and likely to be
implemented via Chapter 11 proceedings on or before 12th September 2017.
Our business execution remains unaffected by these efforts as demonstrated by
continued delivery of excellent safety and fleet uptime.
Although the market continues to be challenging, continued operational execution
and strong customer relationships has enabled us to re-contract a number of
units during the quarter. With a young versatile fleet and upon completion of
our restructuring, we will be well placed to capitalize when the market
recovers."
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Seadrill Fleet Status 2Q 2017:
http://hugin.info/135817/R/2128984/813133.pdf
Seadrill 2Q 2017:
http://hugin.info/135817/R/2128984/813130.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Seadrill Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 557673
Anzahl Zeichen: 2208
contact information:
Town:
Hamilton
Kategorie:
Business News
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