Brief: S.D. Standard Drilling Q2 Operating Result Turns To Loss Of $3.6 Mln

SD Standard Etc

25/08/2020 06:22

Aug 25 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * SDSD: SECOND QUARTER 2020 FINANCIAL RESULTS
    * S.D. STANDARD DRILLING PLC (STANDARD DRILLING, OSE:SDSD)
HAD A
NEGATIVE ADJUSTED EBITDA OF USD 1.5 MILLION IN Q2 OF 2020
    * STANDARD DRILLING REPORTED AN OPERATING LOSS OF USD 3.6
MILLION
IN Q2 OF 2020 (Q2 2019: PROFIT USD 4.6 MILLION POSITIVE)
    * OPERATING RESULT FROM PSV FLEET IN Q2 WAS DISAPPOINTING,
AS
EXPECTED IN MARKET CONDITIONS WE HAVE OBSERVED
    * COVID 19 AND TURMOIL IN OIL MARKET ARE HAVING SUBSTANTIAL
IMPACT
ON PSV MARKET

Source text for Eikon:  ID:nObivsHqNa 
Further company coverage:  SDSD.OL 

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