The company booked a loss of NOK 24.5m ($4m) versus a NOK 116m loss a year ago.

It said that this was primarily due to costs relating to the shipbuilding activities, which have now been fully sold out of the group.

Revenue went down by 46% to NOK 439m while its EBITDA loss was NOK 26m, from NOK 136m in the same stage of 2013.

Bergen