Oil Firm Det Norske Repeats 2016 Guidance, 1Q In Line

Reuters

OSLO, April 29 (Reuters) - Norwegian oil firm Det norske reported first-quarter operating earnings in line with expectations on Friday and repeated its outlook guidance for 2016.

Det norske reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of $129 million for the quarter, close to expectations for $133 million, down from the $261 million posted in the same period a year ago.

The firm repeated its guidance for 2016.

(Reporting by Gwladys Fouche, editing by Ole Petter Skonnord)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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