Reach Subsea ASA reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was NOK 474.14 million compared to NOK 326.66 million a year ago. Revenue was NOK 474.14 million compared to NOK 327.41 million a year ago.

Net income was NOK 57.71 million compared to NOK 12.7 million a year ago. Basic earnings per share from continuing operations was NOK 0.21 compared to NOK 0.05 a year ago. Diluted earnings per share from continuing operations was NOK 0.18 compared to NOK 0.05 a year ago.