Aker Revenues Fall

16 February 2010 (Last Updated February 16th, 2010 18:30)

Norwegian Aker Solutions saw its full-year revenue slip to Nkr54.1bn ($9.3bn) from Nkr58.2bn a year ago due to the economic slowdown. Aker's energy development section saw profits of Nkr19.8bn in 2009 with Subsea taking Nkr12.97m followed by P&T at Nkr12.7m and P&C at Nkr484m.

Norwegian Aker Solutions saw its full-year revenue slip to Nkr54.1bn ($9.3bn) from Nkr58.2bn a year ago due to the economic slowdown.

Aker's energy development section saw profits of Nkr19.8bn in 2009 with Subsea taking Nkr12.97m followed by P&T at Nkr12.7m and P&C at Nkr484m.

Earnings before interest, tax and amortisation rose to over Nkr4.4bn, compared with Nkr3.4bn last year.