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Vard's Q2 loss widens; LOI to build cruise vessel expires

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Published Tue, Jul 25, 2017 · 09:50 PM

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Singapore

VARD Holdings' posting of bigger second-quarter net loss on Tuesday was accompanied by a separate announcement that a letter of intent (LOI) to design and construct an expedition cruise vessel for an undisclosed customer has expired.

The three months ended June 30, 2017, registered a 30 per cent year-on-year surge in net loss to 69 million Norwegian kroner (S$11.8 million) for the mainboard-listed shipbuilder.

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