Brief: BW Offshore Q2 EBITDA Falls Qoq

Bw Offshore

27/08/2020 06:35

Aug 27 (Reuters) - BW Offshore Ltd  BWO.OL :
    * EBITDA OF USD 116.2 MILLION IN Q2
    * QUARTERLY DIVIDEND PAYMENTS INTRODUCED OF USD 0.034 PER
SHARE
    * EBITDA FOR Q2 OF 2020 WAS USD 116.2 MILLION, A DECREASE
FROM USD
129.9 MILLION IN PREVIOUS QUARTER
    * H1 REVENUE $468.7  MILLION VERSUS $481.7  MILLION YEAR AGO
    * IN Q2, GROUP RECOGNISED USD 8.0 MILLION IN REVENUE RELATED
TO A
SETTLEMENT REACHED WITH PETROBRAS PERTAINING THE P-63 EPC
CONTRACT FOR WHICH NO RECEIVABLE WAS PREVIOUSLY RECOGNISED
    * H1 NET LOSS USD 281.6  MILLION VERSUS PROFIT USD 31.0 
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE6LDGyT 
Further company coverage:  BWO.OL 

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