India, July 11 -- Aker Solutions ASA (AKRTF), a Norwegian engineering firm, on Friday reported a decline in net profit for the second quarter, reflecting higher operating expenses, depreciation and amortization, and negative net financial items. However, the company posted an increase in revenue.
For the second quarter, the company recorded a net income of NOK 311 million, or NOK 0.65 per basic share, less than NOK 535 million, or NOK 1.10 per basic share, in the same period last year.
Excluding items, earnings were NOK 693 million, or NOK 1.46 per share, compared with NOK 862 million, or NOK 1.78 per share, a year ago.
Profit before tax was NOK 380 million as against the prior year's NOK 668 million. EBIT was NOK 899 million, compared w...