Brief: Borr Drilling Q4 Adjusted EBITDA Loss At $6.6 Million

Borr Drilling

26/02/2021 06:49

Feb 26 (Reuters) - Borr Drilling Ltd  BDRILL.OL :
    * BORR DRILLING LIMITED ANNOUNCES PRELIMINARY RESULTS FOR
THE
FOURTH QUARTER AND FULL YEAR OF 2020
    * BORR DRILLING LIMITED ANNOUNCES PRELIMINARY RESULTS FOR
THE
FOURTH QUARTER AND FULL YEAR OF 2020
    * BORR DRILLING Q4 OPERATING REVENUE $60.2 MILLION
    * WE ARE CONVINCED THAT SOME OPPORTUNITIES REMAIN TO FURTHER
IMPROVE OUR CAPITAL STRUCTURE AND LIQUIDITY IN 2021
    * BORR DRILLING Q4 NET LOSS $46.7 MILLION
    * PART OF FUTURE LIQUIDITY IMPROVEMENT ALSO WILL HAVE TO
COME FROM
OUR MEXICO OPERATIONS.
    * BORR DRILLING Q4 ADJUSTED EBITDA LOSS $6.6 MILLION
    * BORR DRILLING LTD Q4 2019: OPERATING REVENUE $92.9
MILLION; NET
LOSS $69.3 MILLION; ADJUSTED EBITDA $1.8 MILLION AS REPORTED ON
FEB 28, 2020
    * IN MEXICO, ON OF INTEGRATED WELL SERVICES JVS HAS BEEN
AWARDED
CONTRACT EXTENSION FROM PEMEX
    * ENTERED INTO A MULTI-YEAR CONTRACT FOR ONE OF ITS
CURRENTLY
ACTIVE RIGS IN THAILAND,

Source text for Eikon:  ID:nWkr3r4nLV 
Further company coverage:  BDRILL.OL 

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