(Source: SBM Offshore NV) Positive free cash allows return to dividend SBM Offshore is pleased to report revenue and net debt reduction in line with expectations. Although industry challenges have led to continued postponement of client investment decisions, the Company's predominant activity of leasing, operating and maintaining FPSOs is generating positive cash flows. Consequently, following a five year hiatus, a cash dividend payment of US$0.21 per share is being proposed. Additionally, discussions with Brazilian authorities have progressed to the point of making a compliance settlement provision. Bruno Chabas, CEO of SBM Offshore, commented: 'Looking back, much was accomplished over the...
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