(Oslo, Norway ,16 May 2024 )Standard Supply AS (Standard Supply, OSE:STSU) reported an EBITDA ofUSD 0.3 million in the first quarter of 2024. The quarterly result was impacted by approximately one month's downtime on the Company's only asset; the Standard Supplier, that was back on hire in late January. At quarter end the Group's consolidated cash position wasUSD 19.7 million . OnApril 3rd 2024 the Standard Supplier was sold for a gross proceeds ofUSD 22.7 million . The estimated gain to be recognized in the second quarter of 2024 isUSD 12.8 million . Following the sale the Company has cash- and working capital of approximatelyUSD 43 million . The first quarter report is enclosed. ENDS For further information, please contact: CEOEspen L. Fjermestad at +47 95 20 44 93 Chairman of the Board Martin Nes at +47 92 01 48 14 standard-supply.com
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