Archer Limited : Second Quarter 2015 Results
Hamilton, Bermuda (July 31, 2015)
Second Quarter 2015 highlights
- Second quarter revenue from continuing operations of $388.9 million
- Second quarter EBITDA was a loss of $1.9 million including $5.0 million restructuring costs
- Net loss for the quarter of $47.7 million
- Second quarter operational cash flow of $28.9 million
- Net interest-bearing debt of $793.9 million as of June 30, 2015
In connection with the earnings release, a conference call will be held at 7:00 Houston time, 13:00 London time, 14:00 Oslo time on Friday, July 31, 2015.
For information on how to attend the webcast, detailed information is found on our webpage; http://archerwell.com/investor-relations/webcast/
Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.