SBM Offshore profit drops on layoff costs and vessel impairment

Dutch floater specialist has cut 600 jobs since 2019

Profit down: but revenues strong at SBM in 2020 — Profit down: but revenues strong at SBM in 2020Photo: SBM OFFSHORE

Eoin O'Cinneide

London

Published 11 February 2021, 07:20Updated 11 February 2021, 07:38

Europe Western Europe