SBM profit hit by Brazilian taxes, but maintains 2021 guidance

Underlying profit drops 36% on steady revenues, as record backlog leads to share repurchase

Profit drops: SBM Offshore chief executive Bruno Chabas — Profit drops: SBM Offshore chief executive Bruno ChabasPhoto: SBM OFFSHORE

Iain Esau

London

SBM Offshore Bruno Chabas Guyana Brazil Europe

Published 5 August 2021, 13:07Updated 5 August 2021, 15:00