Aker BP Q4 Core Profit Lags Market Expectations



Reuters

OSLO, Feb 2 (Reuters) - Norway's Aker BP posted a 5 percent rise in fourth-quarter core profit on Friday, lagging market expectations.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $509 million from $485 million a year earlier and missed the $528 million expected by analysts.

The independent oil company, 30 percent owned by BP, also missed expectations for net profit, which came at $34 million for the period, up from a net loss of 67 million a year earlier.

The company said it would pay in February a quarterly dividend of $0.3124 per share, representing a total dividend of $450 million for the full 2018.

(Reporting by Nerijus Adomaitis, editing by Ole Petter Skonnord)



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