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Akastor ASA: Second Quarter and Half Year Results 2024
FORNEBU, Norway, July 11, 2024 /PRNewswire/ --
Second Quarter Highlights
DRU arbitration concluded, with USD 176 million received in cash and an accounting gain of NOK 748 million in the second quarter
Net interest-bearing debt reduced by NOK 1.6 billion in the quarter, with net interest-bearing items in a net cash position of NOK 831 million per end of June 2024
Corporate bank facility amended and extended to June 2026. The facility, with a size of USD 30 million, was not drawn per end of period
Approximately 3 million shares received in Odfjell Drilling in period pursuant to a warrant agreement
HMH continues to deliver strong financials, with an LTM EBITDA (adj.) of USD 153 million per end of the second quarter, up 39% compared to last year
HMH ...