Aker Solutions finds comfort in projects outside of Norway

Norwegian oil service company, Aker Solutions, dropped into the red before taxes in the fourth quarter, as the operating result also declined significantly. But the company's business outside of Norway helped balance out the effect of the downturn in Norwegian offshore, Aker writes.

Photo: Aker Solutions

The oil service company, Aker Solutions, is severely impacted by the low oil price and especially the consequential downturn in the Norwegian offshore market, but the group's business outside of Norway and the North Sea is a vital bandage on the wound.

Aker Solutions, which is controlled by the Norwegian businessman Kjell Inge Røkke and listed on the Oslo Stock Exchange, exited the fourth quarter of 2015 with a deficit before taxes of USD 18 million down from a profit of USD 65 million in the same period of the previous year, the company writes in a financial statement on Friday.

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