Weak currencies push Farstad into Q3 deficit

The weakening of Norwegian and Brazilian currencies have pushed the supply carrier into a deficit with a net loss of USD 50 million in the third quarter.

BY OLE ANDERSEN

The Norwegian supply carrier Farstad Shipping delivered a deficit of approximately USD 50 million after tax in the third quarter. According to the third quarter interim report, a large portion of the deficit was due to an unrealized loss of around USD 41 million as the currency weakened.

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