tiprankstipranks
Standard ETC Narrows Q2 Losses, Maintains Strong Cash Position
Company Announcements

Standard ETC Narrows Q2 Losses, Maintains Strong Cash Position

S.D. Standard Drilling PLC (DE:S1P) has released an update.

Don't Miss our Black Friday Offers:

S.D. Standard ETC Plc reported a reduced net loss of USD 5.7 million in Q2 of 2024, an improvement from the USD 14.4 million loss in the same quarter of the previous year. This loss mainly resulted from a USD 10.5 million unrealized loss in its investments in Dolphin Drilling and Standard Supply, partly offset by a USD 4.9 million gain in other equities and credits. The company maintains a strong liquidity position with USD 25.5 million in cash, excluding its subsidiaries’ holdings.

For further insights into DE:S1P stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App