Borr Drilling takes $46.7m loss – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Borr Drilling takes $46.7m loss

A Borr Drillign rig

Bermuda-based Borr Drilling Ltd. last week reported a loss of $46.7 million in its fourth quarter.

On a per-share basis, the company said it had a loss of 22 cents.

The Associated Press said The oilfield services company posted revenue of $60.2 million in the period.

For the year, the company reported that its loss widened to $305.2 million, or $2.03 per share. Revenue was reported as $307.5 million.

The company's shares closed at $1.25. A year ago, they were trading at 67 cents.