Brief: BW Offshore Q3 EBITDA AT $97.1 Mln

Bw Offshore

23/11/2021 06:51

Nov 23 (Reuters) - BW Offshore Ltd  BWO.OL :
    * Q3 OPERATING REVENUE $199.6 MILLION VERSUS $195.1 MILLION YEAR AGO
    * BOARD OF DIRECTORS HAS DECLARED A CASH DIVIDEND OF USD 0.035 PER SHARE.
    * Q3 NET PROFIT $5.2 MILLION VERSUS $14.6 MILLION YEAR AGO
    * AVERAGE COMMERCIAL UPTIME FOR FLEET DURING QUARTER WAS 91.6% (98.7% IN Q2 2021)
    * COMPANY EXPECTS THAT CORE UNITS IN EXISTING FLEET WILL CONTINUE TO GENERATE SIGNIFICANT
CASH
FLOW IN TIME AHEAD
    * FIRM FPSO CONTRACT BACKLOG AT END OF SEPTEMBER 2021 AMOUNTED TO USD 6.6 BILLION WHEN
INCLUDING
BAROSSA CONTRACT
    * COVID-19 PANDEMIC CONTINUES TO AFFECT OPERATIONS AND MARKET ENVIRONMENT
    * COMPANY REMAINS COMMITTED TO PROVIDE GROWING RETURNS TO SHAREHOLDERS AND A QUARTERLY CASH
DIVIDEND.
    * Q3 EBITDA OF USD 97.1 MILLION AND OPERATING CASHFLOW OF USD 157.2 MILLION

Source text for Eikon:  ID:nGNE2QN3qr 
Further company coverage:  BWO.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))