Awilco Drilling PLC reported contract revenue of USD 35.7 million (USD 24.4 million in Q2), EBITDA USD 25.3 million (USD 12.2 million in Q2) and net profit of USD 17.9 million (USD 6.9 million in Q2).
Revenue efficiency was 99.1% during the quarter (95.3% in Q2).
Contract utilisation was 50.0% during the quarter, (50 % in Q2).
Contract backlog at the end of Q3 was approximately USD 195 million (approximately USD 231 million Q2).
The Board approved a dividend distribution payable in Q4 2016 of USD 0.20 per share. The shares will trade ex-dividend on 22 November 2016, the record date is 23 November 2016 and the payment date is on or around 16 December 2016.
Please see attached for the Q3 2016 report.
A quarterly presentation will be held on 17 November 2016 at 10:30 CET in Awilhelmsen’s offices at Beddingen 8, Aker Brygge, Oslo, Norway.
A conference call will be held on 17 November 2016 at 14:00 UK time (15:00 CET / 09:00 EST). The presentation will be available for download on the Investor Relations section (go to “Press Releases”) at www.awilcodrilling.com prior to the call. There will be a Q&A session after the presentation.
Click this link to register for the conference call, or copy and paste the following address into your browser: http://members.meetingzone.com/selfregistration/registration.aspx?booking=TLzQikaH8VMUWNIq55lqrUpeEcdTgL0hoEZphOZeci0=
Once registered, you will receive an email with dial-in numbers and pins.
Aberdeen, 17 November 2016
For further information please contact:
Jon Oliver Bryce, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.