Saga Tankers ASA : Q2 2018 financial results
(Oslo, 31 August 2018) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 439 million end of the second quarter 2018, corresponding to NOK 1.65 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the second quarter, Saga had a cash balance of NOK 64.5 million. All long-term debt are related to the real estate in Vallhall (Saga's ownership is 55%). During the quarter, the net gain of SD Standard Drilling Plc, Vistin Pharma ASA and Pareto Bank ASA was NOK 28 million, classified as net gain from available