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International Teekay firms Finance

Teekay Offshore cuts second-quarter losses

Revenues of $320m in the second quarter of 2019 were similar to the previous year, but Teekay Offshore narrows losses to $28m from $168m for the same period a year earlier. The company credits this reduction to a better timing of write-downs, gains on vessel sales and a decrease in unrealised fair value losses on derivatives

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Revenue stayed the same, but losses were significantly less than for the same period last year

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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