The Brovig group's holding company, Gezina, has reported an annual loss after carrying out tough write downs.
The Norwegian company logged a pre-tax loss of NOK 71m ($7.9m), reversing a NOK 2m profit in 2018.
However, Gezina chief executive Geir Bredo Larsen stressed that the company's operating result is improved, with an operating profit NOK 15m in 2019. It rose from NOK 11m in 2018.
