October 31, 2019 / 6:23 AM / 17 days ago

Oil firm DNO swings to Q3 loss amid writedowns

OSLO, Oct 31 (Reuters) - Independent oil firm DNO swung to a third-quarter loss amid writedowns on assets in the North Sea and northern Iraq, the Norwegian company said on Thursday.

The company’s net result fell to a loss of $140.9 million from a year-ago profit of $98.7 million, the company said, while adding it would maintain its dividend payout policy. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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