EMS Seven Seas reduces deficit

Following a corporate restructuring things are looking better for Norwegian supply company EMS Seven Seas, which in 2013 reduced its deficit to USD 4.2 million before taxes.

BY KATRINE GRØNVALD RAUN

Published: 01.05.14 at 13:12

Norwegian supply company EMS Seven Seas has a history of struggling with its profits, and the company recently underwent a restructuring process.

And judging by the company's annual report 2013, things are moving in the right direction, with a reduced deficit of USD 4.2 million before taxes, compared to a USD 13.5 million deficit in 2012 and a deficit of USD 38.1 million in 2011.