Brief: BW Offshore Q3 EBITDA Falls To USD 98.1 Million

Bw Offshore

19/11/2020 06:34

Nov 19 (Reuters) - BW Offshore Ltd  BWO.OL :
    * MAJORITY OF BW OFFSHORE'S FLEET REMAINS ON CONTRACTS WITH
NATIONAL AND INDEPENDENT OIL COMPANIES
    * FLEET SHOULD CONTINUE TO GENERATE SIGNIFICANT CASH FLOW IN
TIME
AHEAD
    * Q3 EBITDA DECREASED TO USD 98.1 MILLION FROM USD 116.2
MILLION
IN Q2
    * AT 30 SEPTEMBER, ORDER BACKLOG AMOUNTED TO USD 4.2 BILLION
OF
FUTURE REVENUE FROM FIRM CONTRACTS AND OPTIONS EXPECTED TO BE
EXERCISED.
    * Q3 NET FINANCIAL EXPENSE DECREASED TO USD 8.2 MILLION FROM
USD
14.4 MILLION IN Q2
    * AVERAGE COMMERCIAL UPTIME FOR FLEET DURING QUARTER WAS
93.2%
(99.4% IN Q2 2020).
    * BOARD OF DIRECTORS HAS DECLARED A CASH DIVIDEND OF USD
0.035 PER
SHARE.

Source text for Eikon:  ID:nGNE5F7VCk 
Further company coverage:  BWO.OL 

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