Brief: Axxis Geo Solutions Q1 EBITDA Swings To Profit USD 12.7 Million

Fjord Defence ASA

27/05/2020 06:07

May 27 (Reuters) - Axxis Geo Solutions ASA  AGSOL.OL :
    * AGS ANNOUNCES FIRST QUARTER 2020 RESULTS
    * Q1 REVENUE $45.1 MILLION VERSUS $24.8 MILLION YEAR AGO
    * Q1 EBITDA USD 12.7 MILLION VERSUS LOSS USD 1.7 MILLION
YEAR AGO
    * IN Q2, AGS WILL EMBARK ON THE NEXT ACQUISITION PROJECT FOR
A NEW
CLIENT (EQUINOR) IN THE NORTH SEA AND EXPECT A STEADY CASHFLOW
FROM THIS CONTRACT

Source text for Eikon:  ID:nObi8wRy4a 
Further company coverage:  AGSOL.OL 

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