Aqualis ASA: Q1 2017 financial results
(WorldNews Norway)

Aqualis Delivers Strong Operational Performance in Challenging Market and A Turnaround Quarter Oslo, Norway - April 27, 2017 Key highlights Revenues of USD 7.6 million in Q1 2017, increase by 10% from Q1 2016 Operating profit (EBIT) of USD 0.2 million in Q1 2017 vs. loss of USD 1.5 million in Q1 2016 Billing ratio for technical staff of 78% in Q1 2017, up from 76% in Q4 2016 Profitability measures took effect throughout the quarter Offshore wind market remains active and new contracts have been secured Weak results for ADLER Solar due mainly to weather conditions and project delays Order backlog at USD 10.0 million vs USD 6.7 million at the end of...