A 15 percent drop in revenue for Paine & Partner-owned Scanbio Marine Group resulted in a net loss for the firm in the financial year of 2014, as higher raw material prices dampened overall operations.
The group reported revenues of NOK 229.5 million (€24.9 million/$27.7 million), down from NOK 269.3 million (€29.2 million/$32.5 million) in the previous year.
Operating loss amounted to NOK 46.3 million (€5 million/$5.6 million), which however was an improvement from the operating loss of NOK 85.3 million (€9.2
