Brief: Northern Ocean Q2 Net Loss Widens To $5.8 Million

Northern Ocean

28/08/2020 07:41

Aug 28 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * IN THE SECOND QUARTER, OPERATING REVENUE WAS $24.8 MILLION COMPARED TO $19.1 MILLION IN
THE
PREVIOUS QUARTER
    * Q2 NET LOSS $5.8 MILLION VERSUS LOSS $1.0 MILLION YEAR AGO
    * COMPANY CONTINUES TO BELIEVE IN THE LONG-TERM FUNDAMENTALS OF THE HARSH ENVIRONMENT MARKET
    * CONTINUES TO REMAIN FOCUSED ON HAVING BOTH RIGS OPERATING UNDER THEIR CONTRACTS AND
MAINTAINING
RELATIONSHIPS WITH ITS STAKEHOLDERS TO ENSURE THAT DRILLING ACTIVITIES CONTINUE THROUGH THESE
CHALLENGING AND UNCERTAIN TIMES

Source text for Eikon:  ID:nObinw5hya 
Further company coverage:  NOL.OL 

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