Hunter Group ASA - Third Quarter Results 2019
Oslo, 29 November 2019 Financial highlights Net profit from continuing operations came in at USD -1,586t in Q3 2019 compared to USD 632t in Q3 2018. The reduction was mainly due to costs related to the cancelled bank financing and exchange rate fluctuations. Total operating expenses of USD 311t in Q3 2019 were in line with USD 319k in Q3 2018. Key events in Q3 2019 The Company successfully took delivery of Hunter Atla, ahead of the original delivery schedule, hence increasing earnings capacity in Q4 by close to 40 days. The yard completed steel cutting for H.No. 5466 and H.