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Dolphin Drilling AS Earnings Release 2018

Oct 24, 2018

Earnings Release

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Report for the 3rd quarter 2018

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION

(EBITDA) OF USD - 25 MILLION IN 3Q 2018.

HIGHLIGHTS

· Revenues were 18 million

· EBITDA was negative 25 million

· Operating profit (EBIT) was negative 94 million

· Profit before tax was negative 103 million

· Earnings per share were negative 1.54

· Bredford and Belford Dollphin to be decommissioned