Saga Tankers ASA : Q1 2019 financial results
(Oslo, 15 May 2019) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 322.8 million end of the first quarter 2019, corresponding to NOK 1.21 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the first quarter, Saga had a cash balance of NOK 135 million. All long-term debt are related to the real estate owned by Vallhall (Saga's ownership is 55%). During the quarter, the market value of shares held in SD Standard Drilling Plc and Vistin Pharma ASA increased with NOK 21.6 million. This is classified as