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Aker Solutions Q3 Pretax Profit Rises On Higher Revenue

Aker Solutions ASA (AKKVF.PK) Tuesday reported income before tax of NOK450 million in the third quarter, higher than NOK111 million in the same quarter a year ago, driven by revenue growth.

Aker Solutions provides solutions, products, systems, and services to the oil and gas industry.

Net income in the third quarter increased to NOK285 million or NOK0.62 per share from NOK100 million or NOK0.21 per share last year.

Excluding special items, earnings were NOK265 million or NOK0.58 per share in the quarter compared with NOK101 million or NOK0.22 per share in the previous year.

Quarterly revenue increased to NOK10.035 billion from NOK7.314 billion last year.

Looking forward, Aker now expects full-year revenue to be up more than 35%. In 2021, the company had revenue of NOK29.473 billion.

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