Feb 17 (LNGJ) - Aker Solutions reported an 18 percent increase in revenues in the fourth quarter of 2011, reflecting strong market conditions and high activity in the energy industry. Earnings before interest, tax, depreciation and amortisation rose 4 percent to 3.4 billion Norwegian crowns ($600M). During 2011, Aker concluded a streamlining of the business. Parts of the Process & Construction business area were sold, the EPC project business was separated from Aker Solutions and listed as Kværner and the sale of the marine construction business was concluded.
Aker revenues increase
Written by John McKay
Friday, 17 February 2012
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