Teekay reduces deficit in 1st quarter

Canadian Teekay managed to reduce its deficit in the first three months of 2013 compared to the same period last year.
Photo: Teekay Corporation
Photo: Teekay Corporation
BY KATRINE GRØNVALD RAUN

Canadian Teekay Corp, listed at the New York Stock Exchange, presented a first quarter financial report that lived up to analysts' expectations of a reduced deficit compared to the same period last year. The adjusted deficit was USD 11.7 million, versus USD 20.8 million the previous year, according to the financial report.

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