ShippingWatch

Siem Offshore reduced its loss in 2013

Siem Offshore improved its bottom line, though it remains red. Revenue also saw a slight improvement, according to the company's fourth quarter interim report.

Photo: Siem Offshore, pressefoto

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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 ShippingWatch

Further reading

Related articles

Latest news

See all jobs