Brief: AqualisBraemar Q1 Revenues Rise To $36.7 Million

Aqualis ASA

19/05/2021 07:08

May 19(Reuters) - AqualisBraemar LOC ASA  AQUA.OL :
    * Q1 REVENUES OF USD 36.7 MILLION (Q1 2020: USD 19.8M)
    * Q1 EBIT OF USD 1.9 MILLION (Q1 2020: USD 1.3M)
    * Q1 ADJUSTED EBIT OF USD 2.4 MILLION (Q1 2020: USD 1.4 M)
    * Q1 PROPOSED DIVIDEND OF NOK 0.25 PER SHARE IN 1H 2021, TO
BE
PAID IN JUNE PER SEMI-ANNUAL SCHEDULE
    * Q1 INTEREST BEARING BANK DEBT OF USD 15.1 MILLION (Q4
2020:
15.1M)
    * THERE ARE EARLY INDICATIONS THAT IMPROVED RIG ACTIVITY
COULD
DRIVE IMPROVEMENT IN OIL & GAS SECTOR
    * ACTIVITY ON LARGER PROJECTS IS EXPECTED TO REMAIN SLUGGISH
THROUGH MOST OF YEAR

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiZTbLQa
    
 Further company coverage:  AQUA.OL  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))