Norwegian offshore company Siem Offshore, listed on the Oslo Stock Exchange, performed better in the last months of 2013 compared to the same quarter 2012. Revenue is increasing and the bottom line shows a smaller deficit than last year.
Compared to the fourth quarter 2012, revenue increased from USD 82 million to USD 95 million. In the same period, profits before taxes grew from a deficit of USD 9.7 million to a USD 9.1 million deficit instead, pulling the net result in the right direction. From a USD 8.6 million loss to a deficit of USD 3.7 million.