Saipem Spa Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020 at 01:02 am EDT
Saipem SpA announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was EUR 1,705 million compared to EUR 2,229 million a year ago. Operating loss was EUR 61 million compared to operating Income of EUR 140 million a year ago. Net loss was EUR 131 million compared to net income of EUR 30 million a year ago. For the nine months, sales was EUR 5,380 million compared to EUR 6,748 million a year ago. Operating loss was EUR 772 million compared to operating Income of EUR 402 million a year ago. Net loss was EUR 1,016 million compared to net income of EUR 44 million a year ago.