Aker Solutions books higher profit, expects increase in energy demand

Norwegian oilfield services provider Aker Solutions recorded an increase in its quarterly profit and revenues driven by high activity levels. Looking ahead, Aker Solutions expects an increase in energy demand.

Aker Solutions recorded an increase in its first quarter 2019 net income which totaled NOK 149 million ($17.2M) compared to NOK 105 million ($12.1M) in the prior-year period.

Revenue rose 32% to NOK 7.3 billion ($844M) in the first quarter 2019 from NOK 5.5 billion ($635.9M) a year earlier, supported by progress and deliveries on key projects in several markets.

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