Skuld's profit slashed 50 pct in first half of 2015

Norwegian marine insurer Skuld finished the first half of the year with a profit of USD 9 million, down more than 50 percent compared to the same period last year.

Photo: Skuld

Ståle Hansen, president and CEO of marine insurer Skuld, can look back at his first six months as Chief Executive as a profitable period, though the company saw its result decline. Skuld has just published its second quarter interim report and half-year 2015 result, showing a profit of USD 9.0 million, down more than 50 percent from the same period 2014, where the company's profit came to USD 20.0 million.

The new CEO is still pleased with developments in the first six months of the year:

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