Brief: Havyard Ship Technology Enters Into New Shipbuilding Contract

Eqva ASA

06/06/2019 10:08

June 6 (Reuters) - Havyard Group ASA  HYARD.OL :
    * SHIPBUILDING CONTRACT FOR HAVYARD SHIP TECHNOLOGY
    * DELIVERY OF VESSEL IS PLANNED TO TAKE PLACE IN APRIL 2020.
    * NET PROFIT FOR PROJECT IS CALCULATED TO BE LOW
    * CONTRACT WILL PROVIDE AN IMMEDIATE LIQUIDITY EFFECT DUE TO
RE-ALLOCATION FROM STOCK VALUES TO CASH FROM ADVANCE PAYMENTS
    * UNIT HAS ENTERED INTO NEW SHIPBUILDING CONTRACT WITH
FOREIGN
CUSTOMER FOR COMPLETION AND DELIVERY OF VESSEL

Source text for Eikon:  ID:nObiXN3s6a 
Further company coverage:  HYARD.OL 

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