Kvaerner lost revenue in the first quarter

Norwegian Kvaerner achieved a smaller revenue in the first quarter of the year, which did however end with a profit. The company maintained the size of the order book from the previous quarter and is focusing on savings and efficiency going forward in a challenging 2015.

Shipyard and offshore group Kvaerner exited the first three months of the year with a net result of USD 18.3 million compared to USD 8.4 million in the first quarter last year.

The company achieved revenue of USD 472 million compared to USD 480 million in the fourth quarter 2014. However, this is an improvement from USD 467 million in the same period last year, according to the group's interim report.

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