Vard to focus 'fully' on new markets to diversify
It posted a net loss of 53m Norwegian kroner - or S$8.48m - in Q2 FY16
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AS part of efforts to diversify its operations amid the continued slump in the offshore oil and gas sector, Norwegian shipbuilder Vard Holdings is set to turn its attention "fully" to budding market segments, executives said.
The mainboard-listed shipbuilder registered a net loss of 53 million Norwegian kroner (S$8.48 million) for the second quarter ended June 30; in contrast, Vard posted a 58 million kroner profit a year ago in the same corresponding period.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
