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DOFo - Dof ASA News Story

NOK0.577 0.0  0.0%

Last Trade - 23/04/21

Market Cap £15.3m
Enterprise Value £1.47bn
Revenue £532.0m
Position in Universe 1476th / 1835

BRIEF-Dof ASA Q2 Operating Income Falls To NOK 1.80 Bln

Fri 21st August, 2020 7:10am
Aug 21 (Reuters) - Dof ASA  DOF.OL :
    * FINANCIAL REPORT 2ND QUARTER FOR DOF ASA
    * GROUP'S OPERATING INCOME FOR 2ND QUARTER (MANAGEMENT
REPORTING)
TOTALS NOK 1,802 MILLION (NOK 1,854 MILLION)
    * Q2 OPERATING PROFIT BEFORE DEPRECIATION AND IMPAIRMENT
(EBITDA)
TOTALS NOK 701 MILLION (NOK 712 MILLION ADJUSTED FOR HEDGE
ACCOUNTING WITH NOK 43 MILLION)
    * AVERAGE UTILISATION OF GROUP'S FLEET DURING 2ND QUARTER
WAS 67%;
75% FOR SUBSEA FLEET, 48% FOR AHTS FLEET AND 74% FOR PSV FLEET.
    * COVID-19 VIRUS HAS HAD A MAJOR IMPACT ON OPERATIONS DURING
2ND
QUARTER,
    * HALLENGING MARKETS FOR GROUP'S FLEET HAVE CONTINUED
RESULTING IN
PRESSURE ON EARNINGS AND UTILISATION OF GROUP'S ASSETS.
    * DURING THIS QUARTER, GROUP HAS RECOGNISED AN IMPAIRMENT OF
NOK
779 MILLION AND BY JUNE TOTAL IMPAIRMENT IS NOK 2.3 BILLION
(MANAGEMENT REPORTING).

Source text for Eikon:  ID:nWkr4nMVWT 
Further company coverage:  DOF.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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