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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 sourcePublished Thu, Jul 21, 2016 · 09:50 PM
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.
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