Brief: GC Rieber Shipping ASA Posts Q1 Operating Income Of NOK 48.1 Mln

GC Rieber Shipping ASA

14/05/2019 16:21

May 14 (Reuters) - GC Rieber Shipping ASA  RISH.OL :
    * GC RIEBER SHIPPING ASA HAD A FLEET UTILISATION OF 84% IN
Q1.
    * OPERATING INCOME OF NOK 48.1 MILLION IN Q1 OF 2019,
COMPARED
WITH NOK 31.4 MILLION IN CORRESPONDING PERIOD 2018
    * " SUBSEA MARKET REMAINS CHALLENGING WITH SLOWER THAN
EXPECTED
RECOVERY IN UTILISATION AND RATES"
    * Q1 EBITDA WAS NEGATIVE NOK 62.1 MILLION, COMPARED WITH
NEGATIVE
NOK 21.6 MILLION IN Q1 OF 2018
    * QTRLY LOSS PER SHARE NOK 1.21
    * TOTAL CONTRACT BACKLOG OF NOK 374 MILLION AS OF 1 APRIL
2019, 
EXCLUDING OPTIONS AND MARINE SEISMIC

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE7p7R9h
Further company coverage:  RISH.OL 

 ((Reuters.Briefs@thomsonreuters.com;))