Valaris' Profit Swing: A Cautionary Tale for War Torn Economies Valaris Limited's recent second quarter results have sent shockwaves through the financial community.
On closer inspection, however, these numbers reveal a complex web of costs that continue to plague deepwater drilling in conflict zones.
The company's revenue reached $539 million, with net income totaling $47 million and adjusted EBITDA standing at $97 million.