SUBSCRIBERS

Vard earnings plunge 66.7% in Q3

Company cites overload situation at its Brazilian yard

Published Wed, Nov 6, 2013 · 10:00 PM
Share this article.

OFFSHORE vessel builder Vard Holdings yesterday posted a sharp drop in third-quarter net profit of 66.7 per cent to 76 million Norwegian kroner (S$15.8 million), from 228 million

kroner last year, due mainly to an overload situation in its Brazilian yard.

Revenue for the July- September quarter was 2.37 billion kroner, decreasing by 3.5 per cent from 2.46 billi…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here