Aker Solutions profit drops, but revenues rise on increased activity

Norwegian engineering company Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year.

Aker Solutions said in its quarterly report on Wednesday that its net income in the third quarter 2019 was NOK 93 million ($10.2M), compared to a profit of NOK 155 million ($16.9M) in the same period last year.

Third-quarter revenue rose 9% to NOK 7.1 billion in the quarter from NOK 6.5 billion a year earlier, driven by increased activity levels in both the Projects and Services segments.

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