Green shoots in offshore markets have been reflected in GC Rieber’s financial results for the fourth quarter of 2018, in which it posted a profit for the first time since the third quarter of 2017.
Net profit reached NOK 269m ($31.2m) for the final three months of 2018, buoyed by a reversed write-down of vessel values, which was revised upwards by NOK 30m following updated broker estimates.
