The Singapore-listed company saw narrower third-quarter loss than a year earlier
The company's bottom-line was a NOK 104m ($12.4m) loss compared to a year-earlier loss of NOK 845m.
Revenue for the quarter was down 34% to NOK 1.5bn. The decrease is due to reduced workload at the European yards and the close-down of Vard shipyard in Brazil, where it ceased all shipbuilding activities.
The
