Brief: Siem Offshore Q2 Pre-Tax Loss Widens To USD 275.3 Mln

Sea1 Offshore

27/08/2020 06:56

Aug 27 (Reuters) - Siem Offshore Inc  SIOFF.OL :
    * Q2 OPERATING REVENUES USD 64.5 MILLION VERSUS USD 74.1
MILLION
YEAR AGO
    * Q2 PRE-TAX LOSS USD 275.3 MILLION VERSUS LOSS USD 21
MILLION
YEAR AGO
    * DEMAND FOR OFFSHORE SERVICE VESSELS IS NOT EXPECTED TO
INCREASE
IN THE MEDIUM TERM
    * IT WILL BE DIFFICULT TO ACHIEVE SUSTAINABLE MARKET RATES
IN THE
MEDIUM TERM.
    * THE COMING WINTER SEASON WILL MOST LIKELY BE MORE
CHALLENGING
THAN THE ONES WE HAVE EXPERIENCED IN RECENT YEARS.

Source text for Eikon:  ID:nObiSW9Txa 
Further company coverage:  SIOFF.OL 

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