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Schoeller-Bleckmann swings to half-year loss on write-offs in North…

VIENNA, Aug 13 (Reuters) – Austrian oilfield equipment producer Schoeller-Bleckmann (SBO) swung to a loss in the first half of 2020, 188bet burdened by write-offs on assets in North America.

The group posted a loss after tax of 12 million euros ($14 million) after a profit of 17.2 million in the previous year.Earnings were weighed down by 20 million euros of non-cash impairment charges on assets of subsidiaries in North America.

The company, which generates a large chunk of revenue in North America, saw revenues fall 22% to 185 million euros in the January-June period.

The company will publish its half-year report on Aug.27. ($1 = 0.8447 euros) (Reporting by Kirsti Knolle; Editing by Kirsten Donovan)

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