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SBM Offshore leaves 2014 with million dollar deficit

Dutch SBM Offshore increased its revenue in 2014 but finished the year with an underlying net deficit of USD 265 million.

Offshore giant SBM Offshore has just released an annual report for 2014 which shows a underlying net deficit in spite of growth in both revenue and result in the previous year.

The Dutch company noted a reduced underlying result in 2014 including income from sales and other one-off items, as SBM Offshore suffered a net loss of USD 265 million compared to a positive underlying net result of USD 433 million in 2013, according to SBM Offshore's annual report released Friday.

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