Nordic American reports 4Q loss

Nordic-American-Offshore

Nordic American Offshore Ltd. (NAO) on Thursday reported a loss of $4.4 million in its fourth quarter.

The Hamilton Hm Ex, Bermuda-based company said it had a loss of 19 cents per share.

The supplier for offshore platforms posted revenue of $6.7 million in the period.

For the year, the company reported a loss of $10.8 million, or 47 cents per share, swinging to a loss in the period. Revenue was reported as $34.8 million.

The company’s shares closed at $4.13. A year ago, they were trading at $11.12.

[AP]

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