NorAm Drilling AS reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 34.97 million. Revenue was USD 34.97 million. Net income was USD 9.51 million. Basic earnings per share from continuing operations was USD 0.22. Diluted earnings per share from continuing operations was USD 0.22.
For the six months, sales was USD 67.65 million compared to USD 39.37 million a year ago. Revenue was USD 67.65 million compared to USD 39.37 million a year ago. Net income was USD 19.09 million compared to net loss of USD 7.86 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to basic loss per share from continuing operations of USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to diluted loss per share from continuing operations of USD 0.34 a year ago.