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Vard’s FY16 losses narrow by 73% to $27 mil

Michelle Zhu
Michelle Zhu3/1/2017 07:50 AM GMT+08  • 2 min read
Vard’s FY16 losses narrow by 73% to $27 mil
SINGAPORE (March 1): Restructuring helped Vard Holdings narrow FY16 losses to NOK163 million ($27.3 million) from FY15 losses of NOK 603 million.
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SINGAPORE (March 1): Restructuring helped Vard Holdings narrow FY16 losses to NOK163 million ($27.3 million) from FY15 losses of NOK 603 million.

(See also: Vard Holdings slumps into FY15 losses of NOK603 mil)

For 4Q ended Dec 31, Vard’s losses narrowed to NOK 67 million compared to losses of NOK 83 million in 4Q15.

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