S.D. Standard Drilling PLC (DE:S1P) has released an update.
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S.D. Standard ETC Plc reported a reduced net loss of USD 5.7 million in Q2 of 2024, an improvement from the USD 14.4 million loss in the same quarter of the previous year. This loss mainly resulted from a USD 10.5 million unrealized loss in its investments in Dolphin Drilling and Standard Supply, partly offset by a USD 4.9 million gain in other equities and credits. The company maintains a strong liquidity position with USD 25.5 million in cash, excluding its subsidiaries’ holdings.
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