Reach Subsea reports revenue jump in Q2 on higher activity
Investing.com -- Reach Subsea ASA reported a sharp increase in second-quarter revenue compared to the same period last year, driven by higher project activity across its operations. The Norway-based subsea services company posted revenue of NOK 988.10 million for the three months ended June 30.
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Investing.com -- Reach Subsea ASA reported a sharp increase in second-quarter revenue compared to the same period last year, driven by higher project activity across its operations. The Norway-based subsea services company posted revenue of NOK 988.10 million for the three months ended June 30. Operating profit more than doubled from the prior-year period, reflecting improved utilization of the company’s asset base. The company’s Reach Remote platform saw increased adoption among clients and entered a commercial scale-up phase during the quarter.
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- Investing.com -- Reach Subsea ASA reported a sharp increase in second-quarter revenue compared to the same period last year, driven by higher project activity across its operations. The Norway-based subsea services company posted revenue of NOK 988.10 million for the three months ended June 30.
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Reach Subsea reports revenue jump in Q2 on higher activity
Sources1TypeCoverageInvesting.com · Stock Market