Valaris books USD 3 billion deficit in first quarter

Drilling company Valaris reports a multi-billion-dollar deficit in the first quarter, in which a large impairment cut deep.

Billedet er ikke direkte relateret til Valaris. | Photo: Mario Tama/AFP/Ritzau Scanpix

BY RITZAU FINANS

Drilling rig company Valaris got an extra tough start to the year, as the coronavirus crisis hit hard. This has resulted in a large impairment and a bottom line deficit for the first quarter.

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