Reach Subsea ASA: Reach Subsea ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

Reach Subsea ASA reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was NOK 623.07 million compared to NOK 606.6 million a year ago. Revenue was NOK 623.07 million compared to NOK 636.44 million a year ago. Net income was NOK 87.34 million compared to NOK 86.5 million a year ago. Basic earnings per share from continuing operations was NOK 0.32 compared to NOK 0.34 a year ago. Diluted earnings per share from continuing operations was NOK 0.3 compared to NOK 0.34 a year ago. For the six months, sales was NOK 1,198.34 million compared to NOK 840.6 million a year ago. Revenue was NOK 1,198.34 million compared to NOK 870.46 million a year ago. Net income was NOK 91.57 million compared to NOK 90.4 million a year ago. Basic earnings per share from continuing operations was NOK 0.34 compared to NOK 0.37 a year ago. Diluted earnings per share from continuing operations was NOK 0.32 compared to NOK 0.36 a year ago.