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Siem Offshore Inc reports 6-month pre-tax loss of USD17.4m.

NORDIC BUSINESS REPORT-23 July 2004-Siem Offshore Inc reports 6-month pre-tax loss of USD17.4m(C)1994-2004 M2 COMMUNICATIONS LTD

The Norwegian offshore contractor Siem Offshore Inc, formerly known as DSND Inc, reported on Friday (23 July) a pre-tax loss of USD17.4m on operating revenue of USD10.4m for the financial period January-June 2004.

Pre-tax loss for the six-month period increased from the loss of USD5.8m in the first half of 2003, while operating revenue decreased from USD16.2m.

Pre-tax loss for the financial period April-June 2004 amounted to USD1.4m on operating revenue of USD5.0m.

One US dollar (USD) is worth approximately 0.547 British pounds (GBP).

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Title Annotation:financial reports
Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EXNO
Date:Jul 23, 2004
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