Reach Subsea ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NOK 606.6 million compared to NOK 340.9 million a year ago. Revenue was NOK 636.44 million compared to NOK 340.94 million a year ago. Net income was NOK 86.5 million compared to NOK 43.49 million a year ago. Basic earnings per share from continuing operations was NOK 0.34 compared to NOK 0.18 a year ago. Diluted earnings per share from continuing operations was NOK 0.34 compared to NOK 0.18 a year ago.
For the six months, sales was NOK 840.6 million compared to NOK 469.77 million a year ago. Revenue was NOK 870.46 million compared to NOK 469.92 million a year ago. Net income was NOK 90.4 million compared to NOK 8.05 million a year ago. Basic earnings per share from continuing operations was NOK 0.37 compared to NOK 0.03 a year ago. Diluted earnings per share from continuing operations was NOK 0.36 compared to NOK 0.03 a year ago.