Dof ASA reported a loss of NOK26m ($2.69m) for the quarter versus a profit of NOK577m a year ago.

Operating income was down to NOK1.8bn from NOK2.03bn the same period last year. Operating costs declined to NOK1.2bn from NOK1.3bn.

The company posted an operating loss of NOK124m that includes NOK395m in impairments. That compares to an operating loss of NOK495m for the third quarter of 2016.