Saga Tankers ASA : Q3 2016 financial results
Saga Tankers ASA: Q2 2016 financial results (Oslo, 29 November 2016) Saga Tankers ASA ("Saga", OSE: SAGA) reported a net asset value (NAV) of NOK 808 million at the end of the third quarter of 2016, corresponding to NOK 2.89 per share, excluding minority interests and with Vallhall valued at book value. By the end of third quarter, Saga had a cash balance of NOK 551 million and no long term debt, except the real estate financing related to the holding in Vallhall. The positive development in available for sale reserves of 27 million, classified as other comprehensive income, is