SBM Offshore H1 outstrips forecasts; ups full-year net outlook |
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Tue, 28 Aug 2007 17:21
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AMSTERDAM (Thomson Financial) - SBM Offshore NV posted first-half figures well ahead of analyst expectations and upped its full-year net profit outlook.The offshore oil and gas industry supplier said first-half net profit was 139.2 mln usd, from 97.8 mln year-on-year, and up on the 109 mln analyst figure.EBITDA came in at 268.7 mln usd from 218.6 mln in the same period a year earlier, while sales arrived at 1.388 bln usd, from 823 mln in the first half of 2006, shattering the market's 839 mln forecast.The company said new orders over the first six months amounted to 1.807 bln usd, while the backlog at the end of June sat at 7.408 bln usd.SBM Offshore also upped its full-year net outlook, to 265 mln usd from a previously stated 260 mln.Mike Croall; mike.croall@thomson.commc/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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