Brief: Philly Shipyard Q2 2022 Net Result Swings To Income Of $3.1 Mln

Philly Shipyard ASA

14/07/2022 07:12

July 14 (Reuters) - Philly Shipyard ASA  PHLY.OL :
    * Q2 OPERATING REVENUE $119.7 MILLION VERSUS $32.8 MILLION
YEAR
AGO
    * Q2 2022 NET INCOME OF USD 3.1 MILLION VERSUS NET LOSS OF
USD 4.3
MILLION IN Q2 2021
    * EXPECTS TO CONTINUE TO IMPROVE PROFITABILITY IN 2022
COMPARED TO
2021 AS IT CONTINUES TO PROGRESS ON THE NSMV AND SRIV PROGRAMS
    * NOW THAT THE SHIPYARD IS OPERATING AT FULL CAPACITY FOR
THE NSMV
PROGRAM, THE COMPANY EXPECTS TO FULLY COVER ITS OVERHEAD COSTS
FOR THE FORESEEABLE FUTURE

Source text for Eikon:  ID:nObiHPh3xa 
Further company coverage:  PHLY.OL 

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