Philly Shipyard ASA announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 7.7 million compared to USD 5.5 million a year ago. Operating loss was USD 8.6 million compared to USD 5.9 million a year ago. Net income was USD 2.6 million compared to net loss of USD 5 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.42 a year ago. For the full year, sales was USD 54.2 million compared to USD 28.2 million a year ago. Operating loss was USD 27.7 million compared to USD 21.3 million a year ago. Net income was USD 4.9 million compared to net loss of USD 20.2 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to basic loss per share from continuing operations of USD 1.67 a year ago.