Brief: BW Offshore H1 Revenue Down At $332.4 Mln

Bw Offshore

28/08/2023 07:19

Aug 28 (Reuters) - BW Offshore Ltd  BWO.OL :
    * OUTLOOK: WE HAVE A FIRM FOCUS ON PROGRESSING BAROSSA FPSO
PER
PLAN, DELIVERING HIGH OPERATIONAL UPTIME ON OUR CORE ASSETS,
WHILE COMPLETING DIVESTMENT OF NON-CORE ASSETS
    * OUTLOOK: EXPECTS THAT CORE UNITS IN THE  EXISTING FLEET
WILL
CONTINUE TO GENERATE SIGNIFICANT CASH FLOWS IN THE TIME AHEAD
    * EBITDA OF USD 60.9 MILLION IN Q2 AND USD 139.9 MILLION FOR
FIRST
HALF-YEAR
    * OPERATING CASHFLOW OF USD 84.3 MILLION IN Q2 AND USD 212.4
MILLION FOR FIRST HALF-YEAR
    * H1 REVENUE $332.4 MILLION VERSUS $386.4 MILLION YEAR AGO
    * DIVIDEND OF USD 0.063 (NOK 0.67)(1) PER SHARE FOR QUARTER
    * FPSO MARKET REMAINS STRONG, SUPPORTED BY HIGH ENERGY
PRICES AND
OIL AND GAS COMPANIES SEEKING EFFICIENT PRODUCTION SOLUTIONS

Source text for Eikon:  ID:nGNE7xJhjK 
Further company coverage:  BWO.OL 

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