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SBM Offshore Reports First-Half Loss

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SBM Offshore NV (OTC: SBFFY) reported a net loss for the first half of the year.

SBM Offshore reported a net loss of $250.8 million with underlying profit of $199.2 million, versus net profit of $92.5 million in the year-ago period. SBM Offshore's EBITDA came in at $359.7 million, versus $293.5 million in the year-ago period.

SBM Offshore shares gained 0.96% to close at $20.04 yesterday.

Posted-In: EarningsEarnings News

 

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