Paratus Energy Services provides a trading update for Q1 2023
HAMILTON, Bermuda, June 19, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or the "Company") today announced a trading update for the first quarter 2023 and updates on Paratus, its subsidiaries and associated companies ("Paratus Group").
- HAMILTON, Bermuda, June 19, 2023 /PRNewswire/ -- Paratus Energy Services Ltd. ("Paratus" or the "Company") today announced a trading update for the first quarter 2023 and updates on Paratus, its subsidiaries and associated companies ("Paratus Group").
- In the first quarter ending March 31, 2023, Paratus generated $43 million in revenue and $12 million in EBITDA[1].
- In the fourth quarter ending December 31, 2022, Paratus generated $52 million in revenue and $24 million in EBITDA1.
- During the first quarter period ending March 31, 2023, Paratus' wholly owned subsidiary SeaMex Holdings, Ltd. ("SeaMex") and its subsidiaries (collectively with SeaMex, "SeaMex Group") generated $43 million in revenue and $15 million in EBITDA.