Saga Tankers ASA : Q3 2018 financial results
(Oslo, 7 November 2018) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 422 million end of the third quarter 2018, corresponding to NOK 1.59 per outstanding share, excluding minority interests and with Vallhall valued at book value. The Board of Directors proposes to distribute a dividend of NOK 0.15 per share in December 2018. By the end of the third quarter, Saga had a cash balance of NOK 100 million. All long-term debt are related to the real estate in Vallhall (Saga's ownership is 55%). During the quarter, the market value of shares held in SD