Saga Tankers ASA: Q2 2020 financial results and upcoming dividend distribution of NOK 0.1 per share
(Oslo, 21 August 2020) Saga Tankers ASA (“Saga”, OSE: SAGA) reported a net asset value (NAV) of NOK 272 million end of the second quarter 2020, corresponding to NOK 1.02 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the second quarter, Saga had a cash balance of NOK 117 million. All long-term debt are related to the real estate owned by Vallhall (Saga’s ownership is 55%). The Board of Directors intends to make a resolution of a dividend distribution of NOK 0.1 per share, corresponding to NOK 26.7 million. Such resolution