Brief: Awilco Drilling Q4 Operating Result Turns To Loss Of $23.5 Million

Awilco Drilling

13/02/2019 11:48

Feb 13 (Reuters) - Awilco Drilling PLC  AWDR.OL :
    * Q4 CONTRACT REV $10.2 MILLION VERSUS $33.5 MILLION YEAR
AGO
    * Q4 OPERATING LOSS $23.5 MILLION VERSUS PROFIT $20.6
MILLION YEAR
AGO
    * IN Q4 INCURRED AN IMPAIRMENT CHARGE OF USD 25 MILLION, DUE
TO
THE CONTINUED COLD STACK STATUS AND LACK OF VISIBILITY OF
CONTRACTING OPPORTUNITIES IN THE NEAR TERM FOR THE WILHUNTER

    
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