Reach Subsea ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was NOK 651.85 million compared to NOK 365.11 million a year ago. Revenue was NOK 651.31 million compared to NOK 365.48 million a year ago. Net income was NOK 77.68 million compared to NOK 51.44 million a year ago. Basic earnings per share from continuing operations was NOK 0.3 compared to NOK 0.23 a year ago. Diluted earnings per share from continuing operations was NOK 0.26 compared to NOK 0.23 a year ago.
For the nine months, sales was NOK 1,492.45 million compared to NOK 834.88 million a year ago. Revenue was NOK 1,521.77 million compared to NOK 835.41 million a year ago. Net income was NOK 168.09 million compared to NOK 59.49 million a year ago. Basic earnings per share from continuing operations was NOK 0.68 compared to NOK 0.29 a year ago. Diluted earnings per share from continuing operations was NOK 0.57 compared to NOK 0.28 a year ago.