ShippingWatch

Norwegian yard giant headed toward profitability

Norwegian Bergen Group managed to pull its operating profit into the black during the first three months of the year, and the company experienced a strong growth in services to the offshore industry, says CEO in the interim report.

The first three months of the year have made Bergen Group able to present a positive operating result (EBITDA) of USD 503,600, compared to a deficit of USD 4.14 million in the same period last year, according to the company's interim report.

The shipbuilding giant achieved a revenue of USD 98.2 million, compared to USD 83.5 million in the same period 2013, while the result before taxes remained negative, at a USD 2.0 million deficit, though this marks a significant reduction compared the USD 32.5 million deficit the company suffered in the same period last year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs