SBM Offshore has seen its first half profit nosedive.
Strong and rising revenue was held back by SBM's massive capital expenditure and one-off outlays.
The FPSO specialist posted net profit of $61m during the first half, equivalent to earnings per share of $0.30.
The result is down 81% compared to the first six months of 2018, in which profit totalled $314m or $1.54
