Havyard has booked a smaller profit for the third quarter partly due to lower activity at its Leirvik yard.

The Norwegian shipbuilder said its net earnings for the period sat at NOK 6.9m ($0.8m) compared to NOK 13.9m at the same stage of last year.

Its revenue declined from NOK 548m to NOK 493m and its operating result was negative by NOK 2m against NOK 16m a year earlier.

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