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3 Group posts small drop in underlying H1 results, writes down Italian business

2021-08-05 11:11:00| Telecompaper Headlines

(Telecompaper) 3 Group reported first-half revenues of HKD 43.16 billion, up 7 percent from a year earlier, while EBITDA rose 5 percent to HKD 14.77 billion, its parent company CK Hutchison said...

Tags: business results group small

Telenor writes off Myanmar business as unrest sends Q1 results lower

2021-05-04 09:11:00| Telecompaper Headlines

(Telecompaper) Telenor reported a fall in first-quarter results, hurt by the unrest in Myanmar. Revenues fell 1.6 percent year-on-year on an organic basis to NOK...

Tags: business results lower writes

Norways Seadrill Writes Down $2.9 Billion on Its Oil Rigs

2021-03-04 15:05:20| OGI

Offshore drilling rig contractor Seadrill said on March 4 it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.

Tags: oil billion writes rigs

Equinor Halts Tanzania LNG Project, Writes Off $982 Million

2021-01-29 15:07:25| OGI

Norwegian energy company Equinor is shelving plans for a LNG development in Tanzania, arguing it would not be sufficiently profitable, but could revive the project at a later date, it said on Jan. 29.

Tags: project million writes tanzania