The Oslo-listed offshore vessel operator saw an unrealised currency loss of NOK 657m during the quarter.
The currency losses also resulted in the shipowner seeing its full-year profit slump by over 60% to NOK 191m.
Revenue for the fourth quarter, including gains from asset sales, was up 13.7% year-on-year to just over NOK 1bn.
“The increase is mainly related to revenues from the new buildings delivered in 2014, an enhanced spot market in the beginning of the quarter for anchor handling vessels and higher US dollar and British pound exchange rates,” Solstad said.
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