Dof exits second quarter with profit while chasing rescue plan

The Norwegian offshore carrier's financials show positive signs amid an otherwise long series of bad news.

Photo: Patrick Hill

Crisis-stricken offshore service carrier Dof had an incredibly poor start to 2021 and finished the first quarter with a deficit of NOK 801 million (USD 90.7 million). However, the company has turned around in the second quarter, reporting profit of NOK 580m million, according to the Norwegian firm's own accounting method.

An appreciable improvement on the same period last year, when the company booked a deficit of NOK 675 million.

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