Saga Tankers ASA : Q4 2017 Financial Results
(Oslo, 28 February 2018) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 411 million end of the fourth quarter 2017, corresponding to NOK 1.54 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of fourth quarter, Saga had a cash balance of NOK 27 million. All long term debt are related to the real estate in Vallhall (Saga's ownership is 55%). During the quarter the net change in market value of SD Standard Drilling Plc, Vistin Pharma ASA and Pareto Bank ASA was negative NOK 7.1 million, classified as