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Technipfmc Plc records $28.50 million tax charge

The financial interval closing March 31 2022 bottom-line vanished, due to hefty $28.50 million tax charge, resulting in $-0.13 loss per share

Published 2022-05-03T07:23:08-04:00
Goran Soko / CSIMarket.com Contributer

Bordeln_By_Willy_Stahl,_RAS_Reinhardt_Maschinenbau_GmbH__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsLower Revenues led to losses in the financial interval closing March 31 2022, Revenue fell by -4.669 % to $1.56 billions and deficit per share was at $-0.13 compared to $0.81 per share realized in the reporting period a year prior.

Looking into results from the preceding reporting period Revenues advanced by 2.134 % from $1.52 billions and earnings per share improved from $-0.33 per share.


For the financial interval closing March 31 2022 Technipfmc Plc logged net deficit of $-53.700 million, instead of net income of $371.900 millions have recorded in the same reporting period a year before.

Excluding a $28.50 million tax charge, that Technipfmc Plc has announced, financial interval closing March 31 2022 results would show a net profit.
Operating earnings, fell -24.2% to $509.7 millions, squeezing Technipfmc Plc's operating margin to %.

Technipfmc Plc is expected to report next financial results on July 28, 2022.


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Other FTI's Earnings Reports

Technipfmc Plc reported fourth quarter 2021 earnings

Technipfmc Plc reported third quarter 2021 earnings

Technipfmc Plc reported second quarter 2021 earnings

       
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