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Akastor ASA Announces Dividend and Reports Strong Subsidiary Performance

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Akastor ASA Announces Dividend and Reports Strong Subsidiary Performance

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Akastor ASA ( (AKKVF) ) has shared an update.

Akastor ASA announced a cash dividend of NOK 0.40 per share, supported by the full realization of its holding in Odfjell Drilling, aligning with its strategy to return excess capital to shareholders. The company reported improved financial performance in its subsidiaries, with HMH showing resilience in a challenging market and AKOFS Offshore securing a significant contract with Petrobras, reflecting strong operational execution and strategic positioning.

More about Akastor ASA

Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company operates with a flexible mandate for active ownership and long-term value creation in the oil services industry.

Average Trading Volume: 176,877

Current Market Cap: NOK3.11B

For an in-depth examination of AKKVF stock, go to TipRanks’ Overview page.

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