Saga Tankers ASA: Q3 2020 financial results
(Oslo, 13 November 2020) Saga Tankers ASA (“Saga”, OSE: SAGA) reported a net asset value (NAV) of NOK 242 million end of the third quarter 2020, corresponding to NOK 0.91 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the third quarter, Saga had a cash balance of NOK 91 million, excluding cash held in the subsidiary Vallhall, that has been reclassified as assets held for sale and liabilities held for sale, pending the subsequent disposal. During the quarter Saga distributed a dividend of NOK 0.1 per share, corresponding to