Last 0.20 NOK
Change Today 0.00 / 0.00%
Volume 61.0K
CECON On Other Exchanges
Symbol
Exchange
Berlin
As of 4:17 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

cecon asa (CECON) Snapshot

Open
0.20 NOK
Previous Close
0.20 NOK
Day High
0.20 NOK
Day Low
0.19 NOK
52 Week High
02/18/14 - 1.50 NOK
52 Week Low
12/23/14 - 0.16 NOK
Market Cap
36.3M
Average Volume 10 Days
161.0K
EPS TTM
-1.29 NOK
Shares Outstanding
181.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CECON ASA (CECON)

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cecon asa (CECON) Details

Cecon ASA operates as an offshore and subsea installation contractor in Norway, west African Continental Shelf, and internationally. The company is involved in the fields of project management, engineering, and subsea installation for the offshore oil and gas, and renewables industry. Its project consists of the installation of rigid and flexible pipelines, umbilicals, and cables. The company lays, repairs, and maintains subsea pipes. Cecon ASA is based in Arendal, Norway.

22 Employees
Last Reported Date: 04/30/14

cecon asa (CECON) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 2.8M NOK
Chief Financial Officer
Total Annual Compensation: 1.6M NOK
Chief Executive Officer of Rever offshore AS
Total Annual Compensation: 1.0M NOK
Compensation as of Fiscal Year 2013.

cecon asa (CECON) Key Developments

Cecon ASA Reports Unaudited Consolidated and Parent Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Cecon ASA reported unaudited consolidated and parent earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on parent basis, the company reported revenues of NOK 5,844,000 compared to revenue of NOK 2,808,000 for the same period a year ago. Operating profit was NOK 22,829,000 compared to operating loss of NOK 1,020,000 last year. Profit was NOK 28,664,000 compared to loss of NOK 25,261,000 last year. Profit attributable to equity holders of the company was NOK 28,664,000 compared to loss attributable to equity holders of the company of NOK 25,261,000 last year. Profit before income tax was NOK 28,664,000 compared to loss before income tax of NOK 25,261,000 last year. For the nine months, on parent basis, the company reported revenues of NOK 8,936,000 compared to revenue of NOK 3,850,000 for the same period a year ago. Operating profit was NOK 15,342,000 compared to operating loss of NOK 16,630,000 last year. Profit was NOK 11,294,000 compared to loss of NOK 41,720,000 last year. Profit attributable to equity holders of the company was NOK 11,294,000 compared to loss attributable to equity holders of the company of NOK 41,720,000 last year. Profit before income tax was NOK 11,294,000 compared to loss before income tax of NOK 41,720,000 last year. For the quarter, on consolidated basis, the company reported revenues of NOK 978,000 compared to revenue of NOK 88,063,000 for the same period a year ago. Operating loss was NOK 101,414,000 compared to operating loss of NOK 5,557,000 last year. Loss was NOK 124,386,000 or NOK 0.505 per diluted share compared to loss of NOK 9,847,000 or NOK 0.040 per diluted share last year. Loss before income tax was NOK 124,386,000 compared to loss before income tax of NOK 9,847,000 last year. For the nine months, on consolidated basis, the company reported revenues of NOK 183,048,000 compared to revenue of NOK 112,114,000 for the same period a year ago. Operating loss was NOK 123,324,000 compared to operating loss of NOK 27,955,000 last year. Loss was NOK 170,729,000 compared to profit of NOK 1,086,835,000 last year. Loss before income tax was NOK 170,729,000 compared to profit before income tax of NOK 1,086,835,000 last year. Loss attributable to equity holders of the company was NOK 115,439,000 or NOK 0.693 per diluted share compared to profit attributable to equity holders of the company of NOK 1,088,754,000 or NOK 4.414 per diluted share last year. The company reported net cash used in from operating activities of NOK 17,565,000 and purchases of property, plant and equipment of NOK 565,457,000.

Chantier Davie Canada Inc. Delivers 717th Ship Cecon

Chantier Davie Canada Inc. (Davie) announced that hull number 717, the 'Cecon Pride', a multipurpose offshore construction vessel, has been delivered to its client, Norwegian oilfield services company Cecon. Launched in October 2013, the hull was then outfitted and further works were added to the construction program to ensure the vessel could be deployed immediately from the shipyard to Europe, where it will commence offshore construction activities. Built by over 1,000 skilled shipbuilders, Hull 717 is the first in a three-ship construction program at Davie. The 130-meter-long ship is designed to perform a wide variety of functions for the oil & gas, renewable energy and naval market.

Cecon ASA Announces Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Cecon ASA announced unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis revenues were NOK 19,042,000 against NOK 23,146,000 for the same period a year ago. Operating loss was NOK 12,968,000 against NOK 14,548,000 for the same period a year ago. Loss before income tax was NOK 22,608,000 against NOK 22,546,000 for the same period a year ago. Loss for the period was NOK 22,608,000 against NOK 22,546,000 for the same period a year ago. Diluted loss per share was NOK 0.092 against NOK 0.089 for the same period a year ago. For the six months, on consolidated basis revenues were NOK 23,146,000 against NOK 24,050,000 for the same period a year ago. Operating loss was NOK 21,910,000 against NOK 22,399,000 for the same period a year ago. Loss before income tax was NOK 46,342,000 against profit of NOK 1,219,017,000 for the same period a year ago. Loss for the period attributable to owners of the parent was NOK 43,868,000 against profit for the period attributable to owners of the parent of NOK 1,220,315,000 for the same period a year ago. Diluted loss per share was NOK 0.188 against diluted earnings per share of NOK 4.829 for the same period a year ago. Cash flow used in operating activities was NOK 7,452,000 against NOK 41,460,000 for the same period a year ago. Purchases of property, plant and equipment was NOK 397,021,000 against NOK 458,024,000 for the same period a year ago. For the quarter, on parent basis revenues were NOK 1,010,000 against NOK 138,000 for the same period a year ago. Operating loss was NOK 4,974,000 against NOK 9,841,000 for the same period a year ago. Loss before income tax was NOK 9,908,000 against NOK 13,914,000 for the same period a year ago. Loss for the period was NOK 9,908,000 against NOK 13,914,000 for the same period a year ago. For the six months, on parent basis revenues were NOK 3,092,000 against NOK 1,042,000 for the same period a year ago. Operating loss was NOK 7,487,000 against NOK 15,610,000 for the same period a year ago. Loss before income tax was NOK 17,369,000 against NOK 16,459,000 for the same period a year ago. Loss for the period was NOK 9,908,000 against NOK 16,459,000 for the same period a year ago.

 

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