Akastor ASA (AKKVF) has released an update.
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Akastor ASA has significantly strengthened its financial position in the second quarter, receiving USD 176 million from DRU arbitration and reducing net interest-bearing debt by NOK 1.6 billion. The company is now in a net cash position and has seen a 39% increase in HMH’s year-on-year EBITDA to USD 153 million, with potential plans for a US IPO in the latter half of 2024. Akastor’s equity per share rose to NOK 20.2, supported by the DRU settlement and proactive financial management.
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