Fincantieri-owned Vard Holdings trimmed its fourth-quarter losses amid higher revenue.
The Norwegian shipbuilder posted net loss of NOK 168m, down from a loss of NOK 213m.
Revenue came in at NOK 2.7bn versus NOK 2.2bn a year earlier.
"We are encouraged by the progress that our diversification efforts have yielded but remain focused on sustaining and building our competitive positions in the offshore, expedition cruise vessel, fisheries and aquaculture markets," said chief executive Roy Reite.
