The downturn in the oil service industry is clearly reflected in the third quarter interim report published by Kjell Inge Røkke-controlled Akastor on Monday. The Norwegian state is also a major stakeholder in the company.
Akastor, which is an investment company that owns a range of companies in the service sector, including MHWirth (drilling technology and more), suffered an operating deficit (EBITDA) of USD 19.9 million, compared to a profit of USD 100.7 million in the same period last year.
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