SBM Offshore Reports First-Half Loss

SBM Offshore NV SBFFY reported a net loss for the first half of the year. SBM Offshore reported a net loss of $250.8 million with underlying profit of $199.2 million, versus net profit of $92.5 million in the year-ago period. SBM Offshore's EBITDA came in at $359.7 million, versus $293.5 million in the year-ago period. SBM Offshore shares gained 0.96% to close at $20.04 yesterday.