Bergen falls to loss

Norway’s Bergen Group has recorded a loss in the first quarter as it nears an exit from conventional shipbuilding.

The company said the net deficit to 31 March was NOK 6.92m ($1.16m), from NOK 212m in 2013. Last year’s profit was due to a big tax gain from discontinued operations.

Revenue grew to NOK 585m from NOK 498m over the same period.

“The order backlog in the Maritime Service and Offshore [division] has shown a strong increase since year-end, while the group's involvement in shipbuilding has been significantly reduced,” it said.

The company has sold off some of its shipyard operations to Ukraine’s Zaliv Shipyard, which now has 70% of the NorYards venture.

Bergen will complete its two remaining shipbuilding projects in the summer and focus on offshore and maritime services.

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