- 12th May 2021
- Posted by: Awilco Drilling
- Category: 2021
Awilco Drilling PLC reports contract revenue of USD 12.6 million (USD 8.6 million Q4 2020), EBITDA of USD 3.7 million (USD 2.6 million loss in Q4 2020) and a net profit of USD 1.3 million, (USD 152.9 million loss in Q4 2020).
Revenue efficiency was 87.5% during the quarter (54.1% in Q4 2020).
Operational uptime was 95.9% during the quarter (81.8% in Q4 2020).
Contract backlog at the end of Q1 was approximately USD 8.0 million (USD 15.0 million Q4 2020).
Please see attached for the Q1 2021 report.
A digital presentation will be held today, 12 May 2021 at 11:00 UK time (12:00pm CEST / 06:00 EDT). The presentation will be available for download on the Investor Relations section (go to “Press Releases”) at www.awilcodrilling.com prior to the meeting. There will be a Q&A session after the presentation.
To join the digital meeting, please click this link or copy and paste the following address into your browser:
A replay of the presentation will be made available on the Company website after the event.
Aberdeen, 12 May 2021
For further information please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.