Archer Limited : Second quarter and first half 2017 financial report
Hamilton, Bermuda (July 28, 2017) Second quarter 2017 highlights · Revenue $209.2 million. · EBITDA of $15.7 million, excluding restructuring costs of $2.8 million. · Net income of $112.9 million, including net financial gain of $121.1 million from the refinancing. · Secured contract with Pan American Energy for Land Drilling totalling $700 million. · Secured renewal of three contracts with Shell UK, Marathon UK and Energean Greece for Platform Drilling totalling $100 million. · High growth in the US with revenue increase of 25% and healthy margins. · Archer