Earnings release
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CASUALTY RESPONSE GET EMERGENCY SUPPORT NOW +44 ( 0 ) 20 7264 3250 28 OCTOBER 2021 Highlights Q3 2021 • • Revenues of USD 38.0 million ( Q3 20 : USD 18.4m ) Adjusted EBIT of USD 2.0 million ( Q3 20 : USD 0.6m ) ⚫ EBIT of USD 1.3 million ( Q3 20 : USD • 0.5m ) Cash balance of USD 23.2 million ( Q2 21 : USD 24.5m ) • Interest bearing bank debt of USD 12.5 • • million ( Q2 21 : USD 13.3m ) Cost synergy target of USD 4.0 million maintained , to be gradually realised from Q4 2021 Semi - annual dividend of NOK 0.25 per share declared - to be paid in December David Wells , CEO of Aqualis Braemar LOC ASA ( " ABL " or the " Company " ) commented : " We are pleased to report relatively high activity throughout the normally seasonally weak third quarter . The third quarter is generally lower activity than the second quarter , mainly due to holiday season in key markets and the southwest monsoon season in India . This year we have maintained relatively flat quarter on quarter revenues ,