Kvaerner raises revenue by 60 percent
The Norwegian oil service firm finished 2019 with high sales and marked improvements, but it's still dialing down dividend payouts to investors. The high activity level continues into 2020, Kvaerner says.
Kvaerner saw high activity in the last months of 2019, when the yard and service company increased its sales within field development by nearly 60 percent compared to the same time one year prior: from NOK 1.75 billion (EUR 173.9 million) to NOK 2.78 billion, according to Kvaerner's new quarterly fiscal report published Wednesday morning.
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