DOF Subsea books NOK 1.5 billion loss

DOF Subsea has reported loss in Q1 2020 of NOK 1.5 billion, against NOK 25 million in Q1 2019.

Earnings hit was due to depreciation and impairment of NOK 976 million.

This was because of the weakening market for vessel services and the low demand visibility for services going forward.

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