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Prosafe suspends dividends to shareholders

The Oslo-listed operator of hotel and service rigs, Prosafe, has been hit by the crisis in the oil and gas industry as reflected in the company's result for the third quarter.

Photo: PROSAFE

Prosafe, the world's largest operator of hotel and service rigs, which is listed in Oslo and headquartered in Cyprus, reported a USD 71.3 million operating profit and a USD 53.2 million net profit in the third quarter. The chartering of the company's rigs totaled 81 percent against 96 percent in the same period last year.

This is according to the third quarterly results published Thursday, which not surprisingly finished considerably lower than 2014 levels.

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