Foraco Q3 2026 net profit falls 19% year over year to USD 4.43 million
Bitget2026/10/28 11:05- Foraco’s Q3 2026 net profit fell 19% year over year to USD 4.43 million on higher depreciation and finance costs.
- Revenue rose 21% year over year to USD 86.21 million; North America climbed 39% to USD 35.6 million.
- Rig utilization increased to 53%, compared with 35% in Q3 2025.
- Management described the major investment program as substantially completed, prioritizing improved margins and stronger cash generation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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