Aker Solutions posts higher profit as orders double amid pickup in activity

Norwegian oilfield services company Aker Solutions posted an increase in profit and revenues as its orders almost doubled in the second quarter of 2018 compared to a year earlier amid a pickup in activity.

In its 2Q 2018 report on Thursday Aker Solutions said that its orders totaled NOK 5.7 billion ($703 million) in the quarter, bringing the backlog to NOK 37 billion ($4.6 billion), with most projects coming from Norway.

Revenue rose to NOK 6.3 billion in the second quarter 2018 from NOK 5.4 billion a year earlier, driven by increased North Sea modifications work and continued progress on a number of key projects.

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