Prosafe, which leases hotel rigs to the oil industry and whose stakeholders include Lauritzen Fonden, books a loss on operations while still in negotiations with its lenders to find a long-term solution.
In the fourth quarter of 2019, the company booked a negative operating result of USD 25 million against a loss of USD 1 million from the same period in the preceding year. For the whole year, the operating result ends with a major deficit of USD 342 million against a profit of USD 53 million in 2018.
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