uh oh, talk of the drilling party surely must mean we are at a short term top
Some news:
Bouygues Offshore Reports First Half Net Sales Increase 29% --
Reports Record Backlog of Euros 1 072.3 Million
MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--Aug. 17, 1999--
Bouygues Offshore S.A. (NYSE: BWG) today announced net sales, new
orders and backlog for the first half ended June 30, 1999.
Net sales for the 1999 first half rose 29% to euro 480.6 million
(US $ 522.8 million), compared to euro 372.9 million in the 1998
first half period. This figure does not include the sales of
Sofresid, which the Company acquired in may 1999. These will be
consolidated from July 1st, 1999. Occupation rates of barges as well
as yards remained high during the first half (181 days for the BOS
355 and 130 days for the Castoro Otto). Large projects delivered in
the period include Oso2Y2 for Mobil in Nigeria, Kombi Likalala for
Elf in the Congo, Zafiro for Mobil in Equatorial Guinea, Bleo Holm
for Bluewater in Scotland.
New orders reached euro 855.7 million. The majority of these are
large turnkey projects which will remain in their engineering phase
during the full year 1999. The backlog at the end of the second
quarter was the highest in Bouygues Offshore's history, totaling euro
1,072.3 million (US $ 1,105.6 million), including Sofresid's backlog
of euro 134.8 million. Approximately 43 % of the backlog relates to
project work for 1999, 45% for 2000 and 12 % for 2001 and thereafter.
It does not include the euro 30 million contract signed with
Sonatrach (Algeria) which will be accounted for during the third
quarter.
Year-to-date analysis :
EDIT: data removed because when you edit a message on the new SI, there is no "fixed Font" option..... |
