Aker Solutions books loss in second quarter

Norwegian oilfield services provider Aker Solutions recorded a loss in the second quarter of the year despite an increase in revenues driven by higher activity.

Aker Solutions posted a loss of NOK 11 million ($1.3 million) for the second quarter of the year compared to a profit of NOK 117 million ($13.6 million) in the same period last year.

The company recorded a 20% increase in revenues year-on-year. Namely, revenues rose to NOK 7.5 billion in the quarter from NOK 6.3 billion a year earlier, driven by generally higher market activity and continued good progress on a number of key projects.

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