Brief: PGS Q2 EBITDA Up At $193.3 Million

PGS ASA

21/07/2022 06:09

July 21 (Reuters) - PGS ASA  PGS.OL :
    * PGS ASA: SECOND QUARTER AND FIRST HALF 2022 RESULTS
    * Q2 REVENUES AND OTHER INCOME OF $273.6 MILLION, COMPARED
TO
$185.9 MILLION IN Q2 2021
    * Q2 EBITDA OF $193.3 MILLION, COMPARED TO $118.5 MILLION IN
Q2
2021
    * Q2 EBIT (EX. IMPAIRMENTS AND OTHER CHARGES) OF $57.8
MILLION,
COMPARED TO A LOSS OF $7.6 MILLION IN Q2 2021
    * Q2 CASH FLOW FROM OPERATIONS OF $43.7 MILLION, COMPARED TO
$81.4
MILLION IN Q2 2021
    * SEES 2022 GROSS CASH COSTS TO BE ABOUT $500 MILLION, UP
FROM
ABOUT $475 MILLION GUIDED EARLIER
    * SEES 2022 MULTICLIENT CASH INVESTMENTS TO BE ABOUT $125
MILLION

Source text for Eikon:  ID:nGNE8RfBY2 
Further company coverage:  PGS.OL 

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