Vantage Drilling International (VDI)
Sector • Energy Industry • Oil Well Services & Equipment |
Industry • Oil Well Services & Equipment |
Sector • Energy |
The company announced declining deficit on sharp Revenues growth , all along the financial fourth quarter of 2022
company recorded fourth quarter of 2022 operating shortfall of $-5.168 millions
Published Apr 02 2023
Goran Soko / CSIMarket.com Contributer
![oil_Plataform_By_aherrero_(La_Gaviota_Uploaded_by_ecemaml)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons oil_Plataform_By_aherrero_(La_Gaviota_Uploaded_by_ecemaml)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons](../news/img/oil/Oil_platform_By_Divulgacao_Petrobras__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpg)
On the contrary to Q3 Revenues advanced by 7.372 % from $70.96 millions and EPS improved from $-1.54 per share.
In the financial time-frame closing December 31 2022 Vantage Drilling International reported net shortfall of $-16.977 million, instead of deficit of $-23.534 millions in the same financial reporting period a year ago.
Additionally, the company claimed also net loss of $-3.37 millions and for the financial period 2022, Revenues of $278.72 millions.
Oil Well Services & Equipment The company has decreased it's shortfall per share to $-0.26 from $-8.40 in the previous fiscal year, while Revenues surged by 75.93 % from $158.42 millions a year prior.
Vantage Drilling International is expected to report next financial results on April 27, 2023.