Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 51 million (approximately $28 million) or NOK 1.14 per share, against profit of NOK 135 million (approximately $65 million) or NOK 4.49 per share for the quarter that ended on March 31, 2017.
In the first-quarter 2018, Eidesvik generated revenues of NOK 101 million. Revenues in the corresponding period in 2017 were NOK 249 million.
The result is affected by lower rates and partly lower fleet utilization in all three Eiedesvik fleet segments.
The company had no quarterly asset impairment charges, compared to impairment of NOK 66 million same time in 2017.