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.
For further insights into AKKVF stock, check out TipRanks’ Stock Analysis page.
