First Quarter Highlights
Akastor announced the agreement to create a joint venture between MHWirth and Baker Hughes Subsea Drilling Systems business, forming a global full-service offshore drilling equipment provider. As part of the transaction, Akastor has secured commitment to refinance its current corporate bank facility.
Following this agreement, MHWirth is classified as held for sale per first quarter and presented as discontinued operations in Akastor s consolidated income statement.
DDW Offshore entered into bareboat charter agreements for two vessels. The agreements include sale of the vessels in 2023.
Net interest-bearing debt of NOK 1.6 billion per end of quarter
Akastor CEO Karl Erik Kjelstad comments:
/PRNewswire/ Nature s Sunshine, a leading natural health and wellness company, earned six Stevie® Awards in the 19th Annual American Business Awards® today..
/PRNewswire/ The pandemic has spurred an historical rise in the price of gold but investors are wondering "Which way will gold go in 2021?" They are asking.
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York Traditions Bank Reports First Quarter 2021 Earnings Under New Name
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YORK, Pa., April 28, 2021 /PRNewswire/
York Traditions Bank (OTC Pink: YRKB), now doing business as Traditions Bank, reported net income of $2.3 million for the first quarter ended March 31, 2021, compared to $2.3 million in the linked quarter and $1.2 million for the first quarter of 2020. This represents a $1.1 million, or 98%, increase over the first quarter of 2020. On a per share basis, the Bank reported 73 cents per share (diluted) for the first quarter ended March 31, 2021, compared to 72 cents per share in the linked quarter and 37 cents per share for the first quarter of 2020. After paying a first quarter special cash dividend of $0.40 per share, book value per common share stood at $21.06 on March 31, 2021, versus $20.72 in the linked quarter and $18.38 for the first quarter of 2020.