SBM Offshore saw deficit grow on the bottom line
Dutch offshore company SBM Offshore, which is under suspicion of bribery, suffered a negative bottom line in the 1st half of the year, though the company's revenue grew. The company has withdrawn from two tenders in Brazil.
BY LOUISE VOGDRUP-SCHMIDT
SBM Offshore, which leases drilling platforms, rigs and the major FPSO's to the energy sector, has - against its own expectations - increased its revenue by six percent in the first half of the year. Meanwhile, the operating profit dropped 37 percent, which the company attributes to an unusually strong first half of the year in 2013.
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