Weak currencies push Farstad into Q3 deficit
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.
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Maersk Supply Service to axe 200 employees
For subscribers
Farstad pulls another five ships from the market
For subscribers
Panalpina profit declines in the face of currency headwind
For subscribers