Kvaerner's result dives big-time in H1
The Norwegian subcontractor emerged from the first half of 2016 with significantly lower earnings and revenue, according to the 2nd quarter interim report. The market may show tentative signs of recovery over the next year, predicts management.
BY DANIEL LOGAN BERG-MUNCH
Norwegian Kvaerner ASA, like other suppliers to the offshore sector, has been hit hard by the low oil prices and the oil companies' subdued investment appetite.
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