OB:AQUAEnergy Services
Aqualis (OB:AQUA) Profit Recovery Gains Traction As Cash Pressure Builds
Aqualis walked into this earnings day with a flat month and a weaker 90 day return, yet the Q2 numbers told a more resilient story. The stock closed at NOK8.8 on 21 August, barely moved in the short term, while the business quietly shifted up a gear on profitability.
Revenue reached US$90.8m in Q2 and group adjusted earnings before interest and tax touched US$5.3m with a 5.8% margin. For an oil and gas focused engineering and services company that only recently turned profitable, this quarter...