Saga Tankers ASA :Q4 2016 financial results
OSE FILING Saga Tankers ASA: Q4 2016 financial results (Oslo, 28 February 2017) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 784 million at the end of the fourth quarter of 2016, corresponding to NOK 2.95 per share, excluding minority interests and with Vallhall valued at book value. By the end of fourth quarter, Saga had a cash balance of NOK 439 million and no long term debt, except the real estate financing related to the holding in Vallhall. The positive development in available for sale reserves of NOK 9.7 million, classified as other