Canceled energy project costs Semco millions of dollars

Despite a new slide in revenue and postponed wind projects, Semco Maritime reduced its deficit in 2017. A canceled power plant project in the renewables unit contributed to the deficit.
Photo: Semco
Photo: Semco

Denmark's Semco Maritime was able to reduce its deficit and deliver a marginally positive operating profit for 2017 despite a new slide in revenue, low activity and a series of postponed wind projects.

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