July 23, 2017 12:12 PM ET

Energy Equipment and Services

Company Overview of Jacktel AS

Company Overview

Jacktel AS provides offshore accommodation services. The company was founded in 2009 and is headquartered in Oslo, Norway. Jacktel AS operates as a subsidiary of Master Marine AS.

Rosenkrantzgate 18

Oslo,  0160

Norway

Founded in 2009

Key Executives for Jacktel AS

Chief Executive Officer, COO & Director
Compensation as of Fiscal Year 2017.

Jacktel AS Key Developments

Jacktel AS Announces Unaudited Earnings Results for the First Quarter of 2017

Jacktel AS announced unaudited earnings results for the first quarter of 2017. For the quarter, the company reported negative LBITDA was $2,005,000 against EBITDA of $3,113,000 a year ago. Operating loss was $5,789,000 against $568,000 a year ago. Loss before tax was $17,561,000 against $14,541,000 a year ago. Net loss was $17,561,000 against $14,541,000 a year ago. Diluted loss per share was $0.35 against $0.29 a year ago. Net cash used in operating activities was $1,675,000 against net cash from operating activities of $8,563,000 a year ago. Acquisition of fixed asset was $2,599,000 against $702,000 a year ago.

Jacktel AS Announces Audited Earnings Results for Year Ended December 31, 2016

Jacktel AS announced audited earnings results for year ended December 31, 2016. For the period, the company reported revenue of USD 15,640,000 compared with USD 66,877,000 for the same period a year ago. Operating revenue of USD 15,640,000 compared with USD 66,877,000 for the same period a year ago. The operating revenue generated from the Maersk charter hire contract in the period January to July. Operating loss of USD 14,110,000 compared to 56,763,000 a year ago. Loss before tax was USD 29,437,000 compared to 82,338,000 a year ago. Net loss was USD 29,437,000 or USD 0.59 per basic and diluted share compared to 82,338,000 or USD 1.65 per basic and diluted share a year ago. Net cash flow from operating activities of USD 9,698,000 compared to 25,196,000 a year ago. Purchase of property, plant and equipment, net of cash of USD 6,825,000 compared to 5,559,000 a year ago.

Jacktel AS Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Jacktel AS reported unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, LBITDA was USD 2,426,000 against EBITDA of USD 1,897,000 a year ago. LBIT was USD 6,398,000 against EBIT of USD 1,775,000 a year ago. LBT was USD 2,524,000 against USD 7,513,000 a year ago. Net profit was USD 2,524,000 against loss of USD 7,513,000 a year ago. Earnings per basic and diluted share were USD 0.05 against loss of USD 0.15 a year agoNet cash used in operating activities was USD 2,068,000 against USD 9,428,000 a year ago. For the year, operating income was USD 15,640,000 against USD 66,877,000 a year ago. EBITDA was USD 986,000 against USD 879,000 a year ago. LBIT was USD 14,110,000 against USD 56,763,000 a year ago. LBT was USD 29,437,000 against USD 82,338,000 a year ago. Net loss was USD 29,437,000 against USD 82,338,000 a year ago. Loss per basic and diluted share was USD 0.59 against USD 1.65 a year ago. Net cash from operating activities was USD 10,264,000 against USD 27,196,000 a year ago.

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