Oslo-listed Farstad Shipping’s fourth-quarter 2014 sums have resulted in revenue of NOK 1.1bn and operating profit of NOK 102.8m, although profit after taxes fell by NOK 225.8m ($29.7m) into the red.
Despite the hard markets, Farstad’s board approved a dividend of NOK 3, the same as was paid in 2013. Analysts at DNB Markets say they had expected the dividend to be suspended to “preserve liquidity, given some challenging years ahead”.
The
