OSLO, July 16, 2020
OSLO, July 16, 2020 /PRNewswire/ -- Second Quarter Highlights
Akastor CEO Karl Erik Kjelstad comments:
"We are happy to see that all of our industrial holdings delivered positive contribution in the second quarter despite challenging market conditions. MHWirth delivered solid financial performance driven by continued good contribution from services in the quarter, demonstrating the robustness of their business model. As the market conditions are still uncertain going forward, all portfolio companies are continuously taking concrete actions to mitigate impact by adjusting cost base to align with activity level. Key focus for Akastor in 2020 remains to safeguard operations and secure financial strength."
Chief Financial Officer
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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The following files are available for download:
Akastor ASA Half Year Report 2020
Akastor ASA 2Q 2020 presentation