Brief: BW Offshore Q4 EBITDA At $91.1 Mln

Bw Offshore

29/02/2024 06:45

Feb 29 (Reuters) - BW Offshore Ltd  BWO.OL :
    * Q4 EBITDA USD 91.1 MILLION AND OPERATING CASHFLOW OF USD
230.0
MILLION
    * Q4 CASH DIVIDEND USD 0.088 PER SHARE EQUIVALENT TO USD
15.9
MILLION
    * 2023 EBITDA 305.5 MILLION AND OPERATING CASHFLOW OF USD
558.6
MILLION
    * IN JANUARY 2024, ALL SHARES IN BW ENERGY WERE SOLD TO BW
GROUP
LIMITED, FOR USD 176 MILLION
    * FOLLOWING TRANSACTION, BOARD OF DIRECTORS HAS DECLARED A
CASH
DIVIDEND OF USD 0.088 PER SHARE FOR Q4 OF 2023
    * EBIT FOR Q4 WAS USD 44.3 MILLION (USD 38.2 MILLION)
    * COMPANY EXPECTS TO RECORD LOSS OF USD 6.0 MILLION ON BOOK
VALUE
OF BW ENERGY SHARES FROM TRANSACTION IN Q1 2024 ACCOUNTS
    * MAINTAINS GUIDANCE OF REPORTING AN EBITDA IN RANGE USD
290-310
MILLION FOR 2024
    * FOR 2024, COMPANY PLANS TO CONTINUE TO PROVIDE QUARTERLY
CASH
DIVIDEND BASED ON ANNUAL TOTAL DISTRIBUTION OF 0.25 CENTS PER
SHARE

Source text for Eikon:  ID:nGNE8Gm984 
Further company coverage:  BWO.OL 

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