DOF Subsea Shrinks Quarterly Loss

DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the fourth quarter of 2019 of NOK 30 million ($3.2 million), compared to loss of NOK 458 million ($49.1 million) in the corresponding period in 2018.

Full-year result for 2019 came out negative, with loss of NOK 1.13 billion ($121.4 million), against loss of NOK 668 million ($77.7 million) in the twelve months of 2018.

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