Saga Tankers ASA: Q2 2019 financial results
OSE FILING (Oslo, 22 August 2019) Saga Tankers ASA (“Saga”, OSE: SAGA) reported a net asset value (NAV) of NOK 316.6 million end of the second quarter 2019, corresponding to NOK 1.19 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 123.5 million. All long-term debt are related to the real estate owned by Vallhall (Saga’s ownership is 55%). During the quarter, the net market value of shares held in SD Standard Drilling Plc and Vistin Pharma ASA decreased with NOK 4.2 million.