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Covid-19 pandemic hits Color Line with new deficit

Norway's Color Group, the parent company of Color Line, was hit hard by the Covid-19 pandemic in the first half of the year, which has dragged the company's results deep into the red. The company expects more passengers in the months to come.

Photo: PR/ Color Line

Color Group is still struggling with the impact of the extensive Covid-19 restrictions, and this is not least reflected in the company's earnings, which took a dive in the first half of the year.

The group, which has its ferry company Color Line as a key business, finished the first half of the year with a net deficit of NOK 278.6 million (USD 31.62 million), an improvement from a deficit of NOK 638.6 million in the first half of 2020, the interim report shows.

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