1st quarter 2014 Report

Published: April 29, 2013

Quarterly report for Reach Subsea ASA.

Sales income in the quarter totals NOK 1.2 million
and is a result of sale of consulting services under
existing frame agreements.

Operating expenses were NOK 4 million for the same
period. The increase from the same period last year
is primarily due to an increase in the number of
employees during 2012 and the first quarter of 2013.

The Group reported a loss before tax of NOK 2.6
million. This is according to prognosis.

 

The full report can be found on the Investor-pages.