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Concordia Maritime: Interim Report, 1 January-30 June 2018

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Concordia Maritime: Interim Report, 1 January-30 June 2018

PR Newswire

GOTHENBURG, Sweden, Aug. 14, 2018 /PRNewswire/ --

  • Total income
    Q2: SEK 227.0 (211.1) million
    HY1: SEK 426.6 (436.0) million
  • EBITDA
    Q2: SEK –9.3 (10.0) million
    HY1: SEK –2.3 (39.3) million
  • Result before tax
    Q2: SEK –57.0 (–43.9) million
    HY1: SEK –95.7 (–85.1) million
  • Result per share after tax
    Q2: SEK –1.19 (–0.92) million
    HY1: SEK –2.01 (–1.78) million

Events in the second quarter

  • Another quarter without any Lost Time Injuries
  • Three suezmax vessels chartered in (50% share)
  • Two MR (ECO) vessels chartered in (50% share) 

Events after the end of the quarter

  • Another One suezmax vessel chartered in (50% share)
  • Stena Paris chartered out for 12 months 

Key ratios 

  • Total income, SEK million 426.6 (436.0)
  • EBITDA, SEK million –2.3 (39.3)
  • EBITDA, USD million –0.3 (4.4)
  • Operating result, SEK million –91.9 (–69.9)
  • Result excluding impairment and tax, SEK million –95.7 (–85.1)
  • Result before tax, SEK million –95.7 (–85.1)
  • Result after tax, SEK million –95.7 (–85.1)
  • Equity ratio, % 41 (49)
  • Return on equity, % –54 (–3)
  • Available liquid funds, including unutilised credit facilities, SEK million 185.0 (281.0)
  • Result per share after tax, SEK –2.01 (–1.78)
  • Equity per share, SEK 25.94 (38.29)
  • Lost-time injuries 0 (0)

Distribution 

For environmental reasons, we are only publishing our interim reports digitally. Concordia Maritime's interim reports and additional financial information about the Company can be read or downloaded from our website www.concordiamaritime.com/en/investor-relations 

The information in this report is information that Concordia Maritime is required to disclose in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was made public on 14 August 2018, at 2.00 p.m. 

For more information, please contact:

Kim Ullman                                                        Ola Helgesson

CEO, Concordia Maritime AB                            CFO, Concordia Maritime AB

Tel +46-31-855003                                             Tel +46-31-855009

Mob +46-704-855003                                         Mob +46-704-855009

Email: kim.ullman@concordiamaritime.com       Email: ola.helgesson@concordiamaritime.com

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/concordia-maritime/r/interim-report--1-january-30-june-2018,c2592129

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SOURCE Concordia Maritime

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