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Vard cuts Q3 losses to 8m kroner
Published Fri, Nov 10, 2017 · 09:50 PM
Singapore
INCREASED activity at its yards in Romania and Vietnam helped Vard Holdings narrow losses by a significant 90 per cent in the third quarter.
The shipbuilder yesterday reported a net loss of eight million Norwegian kroner (S$1.34 million) for the three months to Sept 30 - a big improvement on the loss of 80 million kroner in the same period a year earlier.
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