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Solstad's 2018 worse than first assumed

2018 ended with a larger deficit for Solstad Offshore than first reported. The carrier is struggling to secure a restructuring.

Photo: Solstad

A closer inspection of Solstad Offshore's financial figures unveiled a larger deficit in 2018 than first assumed, informs Solstad in its consolidated annual report for 2018.

Here, the deficit is shown to be larger by NOK 153 million (USD 17.5 million) than previously reported by the carrier. At the same time, equity decreased by additional NOK 200 million to a deficit of NOK 851 million.

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