Saga Tankers ASA: Q4 2019 financial results
(Oslo, 13 February 2020) Saga Tankers ASA (“Saga”, OSE: SAGA) reported a net asset value (NAV) of NOK 351 million end of the fourth quarter 2019, corresponding to NOK 1.32 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the fourth quarter, Saga had a cash balance of NOK 88 million. All long-term debt are related to the real estate owned by Vallhall (Saga’s ownership is 55%). During the quarter, the net market value of shares held in SD Standard Drilling Plc and Vistin Pharma ASA increased with approx. NOK 41 million. This is