EnergyWatch

Norwegian offshore carrier booked big setback in operations

Norwegian offshore carrier DOF's operating profit dropped big-time in the third quarter by one billion Norwegian kroner (EUR 110 million), though the bottom line returned to black after a restructuring was settled in August. But 2017 is expected to be worse than 2016, the company notes.

DOF, which operates a fleet of offshore vessels in the dire North Sea market, saw its operating profit decline significantly in the third quarter, though the bottom line returned to black following a completed restructuring in August.

The company's operating profit came to USD 241.5 million in the third quarter, a setback from USD 344.1 million in the same period last year, according to DOF's interim report, published Wednesday.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs