Akastor ASA: Third Quarter Results 2017
(Thomson Reuters ONE) -
Q3 HIGHLIGHTS
* Completed the transaction to sell KOP Surface Products to the Weir Group
PLC, releasing approximately NOK 1 billion in cash
* EBITDA of NOK 54 million, including several special items with a total
negative value of NOK 79 million
* Net debt reduced by NOK 0.9 billion to NOK 2.4 billion, including financial
leases of NOK 1.4 billion
* MHWirth awarded contract for drilling equipment package to the West White
Rose Extension Project in October
Media Contact:
Leif Borge
Chief Financial Officer
Tel: +47 917 86 291
E-mail: leif.borge(at)akastor.com
Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.
Akastor ASA - Q3 2017 Presentation:
http://hugin.info/77/R/2144141/821756.pdf
Akastor ASA - Q3 2017 Report:
http://hugin.info/77/R/2144141/821755.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: Akastor ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 25.10.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 565104
Anzahl Zeichen: 1698
contact information:
Town:
Lysaker
Kategorie:
Business News
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