Dof in "unsustainable" situation despite Q1 profit

Crisis-ridden offshore carrier Dof, which is negotiating a restructuring plan, books a profit for the year’s first quarter. But the financial situation is still unsustainable, states Dof.

by astrid sturlason, shippingwatch, translated by kristoffer grønbæk

Published: 20.05.22 at 12:25

The strained Dof group, which for long has attempted to land a restructuring plan, begins 2022 with a profit.

The group’s Q1 bottom line came to NOK 824m (USD 84.2m), a significant improvement compared to the deficit of NOK 801m in the same period last year, according to the company’s quarterly report.

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