Archer Limited : Second Quarter and Half Year 2012 Results
Hamilton, Bermuda (August 29, 2012)
Second Quarter Highlights
· Second quarter revenue of $555.0 million, Year-to-date revenue of $1.1 billion.
· Second quarter EBITDA of $70.9 million, Year-to-date EBITDA of $138.1 million.
· Net loss for the quarter of $7.8 million, Year to date net income of $7.2 million.
· Second quarter operational cash flow of $114.8 million, Year to date operational cash flow of $134.5 million.
· Net interest bearing debt of $1,087.0 million at June 30, 2012
In connection with the earnings release, a conference call will be held at 13:00 London time (14:00 Oslo time) on Wednesday August 29, 2012 by Fredrik Halvorsen, Vice Chairman and Chief Executive Officer, Christoph Bausch, Chief Financial Officer and EVP, and Lars Bethuelsen, Senior Vice President M&A and IR.
For information on how to attend the conference call, information is found on our webpage www.archerwell.com.
Questions should be directed to:
Fredrik Halvorsen, Chief Executive Officer and Deputy Chairman
Christoph Bausch, Chief Financial Officer
Lars Bethuelsen, Senior Vice-President, M&A and Investor Relations
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)