OB:SUBCEnergy Services
Subsea 7 Balances Strong Profitability With Large Dividend And Asset Risks
Subsea 7 (OB:SUBC) has reported strong annual results with significantly improved profitability.
The company has proposed a major cash dividend, subject to approval at the upcoming AGM.
Subsea 7 also recorded asset impairments that point to challenges within parts of its portfolio.
Subsea 7 sits at the heart of offshore energy projects, providing engineering, construction and services for subsea developments. The latest annual update combines firm profitability with a large proposed cash...