Limassol, February 13th 2024
S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports a net loss after tax of
USD 4.0 million in the fourth quarter of 2024, compared to a net loss after tax
of USD 2.6 million in the fourth quarter of 2023. The company is a leading
shareholder in Dolphin Drilling AS (Dolphin Drilling, OSE:DRILL) and Standard
Supply AS (Standard Supply, OSE:STSU).
As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 4.0 million in the fourth quarter
of 2024, with unrealized gains from the investments in DDRIL and STSU offset by
losses from the equity- and credit investments. The company had a cash position
of USD 40.7 million at the end of the quarter, excluding cash held by
subsidiaries.
The company's stakes in Dolphin Drilling and Standard Supply are evaluated at
the quarter-end share prices.
Attached is the Board of Directors' report.
ENDS
For further information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board Martin Nes at +47 92 01 48 14
About Standard-ETC | standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
concentrated investment portfolio including a 53% ownership in Standard Supply
AS (Euronext Growth: STSU) and a 17% ownership in the listed drilling company
Dolphin Drilling AS (Euronext Growth DDRIL). S.D. Standard ETC is headquartered
in Cyprus and listed on the Oslo Stock Exchange under the ticker SDSD.