Brief: Awilco Drilling Q4 EBITDA Swings To Loss Of $0.5 Mln
25/02/2020 06:37
Feb 25 (Reuters) - Awilco Drilling PLC AWDR.OL :
* Q4 CONTRACT REVENUE OF USD 8.3 MILLION
* Q4 EBITDA USD 0.5 MILLION LOSS
* AWILCO DRILLING PLC YEAR AGO FIGURES AS REPORTED ON FEB
13,
2019: Q4 2018 REVENUE $10.2 MILLION, EBITDA $4.6 MILLION,
BACKLOG $30.7 MILLION
* IN THE UK, INITIAL AWARDS FOR 2020 WORK ARE SUPPORTIVE OF
YEAR
ON YEAR RATE DEVELOPMENT ALBEIT UTILISATION IN 2020 IS EXPECTED
TO REMAIN SEASONAL
* MARKET OUTLOOK: SIGNIFICANTLY HIGHER LEVEL OF ACTIVITY MAY
BE
ANTICIPATED IN 2021 BASED ON NUMBER OF ENQUIRIES BEING RECEIVED.
Source text for Eikon: ID:nGNE60Kt1c
Further company coverage: AWDR.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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