Philly Shipyard ASA announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 20.7 million compared to USD 7.5 million a year ago. Operating loss was USD 6.2 million compared to USD 7.5 million a year ago. Net loss was USD 5.1 million compared to net income of USD 7.4 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to basic earnings per share from continuing operations of USD 0.61 a year ago.