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Vard's Q4 earnings more than quadruple

Tax write-back, turnaround at associates lift profit

LEADING offshore supply vessel (OSV) builder Vard Holdings more than quadrupled its fourth-quarter net profit to 113 million Norwegian kroner (S$23.7 million) from 26 million kroner a year ago, helped by a tax write-back and a turnaround at associates.

Group revenue for the three months...

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