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Friday, 21 November, 2008, 18:50 GMT | more >>

Atwood strikes profits pay



By Upstream staff 

Houston offshore drilling contractor Atwood Oceanics saw earnings almost double in the first quarter of 2007, its second fiscal quarter.

Atwood reported first quarter net earnings of $31.8 million, or $1.01 per diluted share, up from $15.6 million, or 50 cents per diluted share, in the same quarter of 2006.

Revenues rose to $94.3 million from $67.5 million previously.

Atwood reported earnings for the first six months of its 2007 financial year of $52.8 million, or $1.67 per share, up from $30.2 million, or 96 cents per share, in the first half of its 2006 year.

For the six-month period, revenues rose to $183.1 million from $122.9 million previously.


Tuesday, 08 May, 2007, 21:57 GMT  | last updated: Tuesday, 08 May, 2007, 21:57 GMT

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