Brief: Northern Ocean Q3 Net Loss $8.1 Million

Northern Ocean

30/11/2020 07:07

Nov 30 (Reuters) - Northern Ocean Ltd  NOL.OL :
    * NORTHERN OCEAN LTD - IN THE THIRD QUARTER, OPERATING
REVENUE WAS
$21.4 MILLION COMPARED TO $24.8 MILLION IN THE PREVIOUS QUARTER
    * Q3 TOTAL OPERATING EXPENSES WERE $28.1 MILLION COMPARED TO
$27.2
MILLION IN THE PREVIOUS QUARTER
    * Q3 THE NET LOSS IN THE THIRD QUARTER WAS $8.1 MILLION
RESULTING
IN A BASIC AND DILUTED LOSS PER SHARE OF $0.13.
    * CONTINUES TO SEE LONG-TERM FUNDAMENTALS STRENGTHENING IN
THE
HARSH ENVIRONMENT OFFSHORE DRILLING MARKET FOR PREMIUM RIGS
    * HARSH ENVIRONMENT MARKETS, ESPECIALLY IN NORWAY, CONTINUE
TO
REMAIN ACTIVE AND ARE SHOWING SUPPORTIVE DEMAND INTO 2021 AND
BEYOND

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

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