DOF Subsea issues Financial Report for 2nd quarter of 2019
The Group’s operating income for 2nd quarter (management reporting) was NOK 1,257 million (NOK 1,203 million) and the operating profit before depreciation and impairment (EBITDA) was NOK 445 million (NOK 372 million), the company said in its release.
The average utilisation of the Group's fleet during the 2nd quarter was 70%; 67% for the Subsea/IMR Project fleet and 77% for Long-term Chartering fleet.
At the end of the 2nd quarter, the Group’s firm backlog was NOK 13,8 billion.
