Oslo-listed Sevan Marine has posted a larger deficit as it was hurt by rising costs in the first quarter.
The floatel company said the net loss was $8.1m against $4.4m in the same period last year.
Revenue was up at $21m from $15.4m, but operating expenses jumped to $27.4m, compared to $18.6m in 2015.
It said further cost-reduction measures were taken during the quarter, including more job losses.
It
