Dof reported an after-tax loss of NOK 714m ($86m) in the fourth quarter as operating income continues to slide.

That tops the NOK 110m loss reported in the fourth quarter of last year, and the NOK 323m loss reported for all of 2015.

Dof reported group operating income of NOK 1.912bn during the fourth quarter, compared to a NOK 2.61bn result in the year earlier period.