Norwegian equipment supplier Ocea results headed in the right direction

Norwegian equipment supplier Ocea saw its turnover last year amount to NOK 270.1 million (€29.8 million/$33 million), up from NOK 219 million (€24.1 million/$26.7 million) the previous year.

However the company narrowed its losses considerably, posting an operating loss of NOK 0.1 million (€11,016/$12,202) in 2014 as opposed to a loss of NOK 10.2 million (€1.1 million/$1.2 million) in 2013.

“The year 2014 was typified by significant progress. Generally good conditions contributed positively for most of the product groups,” Bjorn Mathias Apeland, chairman of the company wrote in Ocea’s annual report.

Apeland