Rigs_and_Vessels

Impairments see Valaris slump to a $3 billion loss

Adjusted EBITDA also in negative territory as the company adjusts to market conditions amid the Covid-19 pandemic

Rig giant: Valaris has posted a more than $3 billion loss for the first three months of 2020 — Rig giant: Valaris has posted a more than $3 billion loss for the first three months of 2020Photo: VALARIS

Josh Lewis

Perth

Tom Burke Valaris Corporate Rigs & Vessels Coronavirus

Published 30 April 2020, 03:39Updated 30 April 2020, 03:44