Philly Shipyard ASA announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 13.9 million compared to USD 3.7 million a year ago. Operating loss was USD 7.7 million compared to USD 9.2 million a year ago. Net loss was USD 6 million compared to USD 9 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to USD 0.74 a year ago. For the nine months, sales was USD 46.5 million compared to USD 22.7 million a year ago. Operating loss was USD 19.1 million compared to USD 15.4 million a year ago. Net income was USD 2.3 million compared to net loss of USD 15.2 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to basic loss per share from continuing operations of USD 1.25 a year ago.