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

GÖTEBORG, Sweden, Nov. 8, 2018 /PRNewswire/ --

Total income

• Q3: SEK 258.6 (197.7) million

• 9 months: SEK 685.2 (633.8) million

EBITDA

• Q3: SEK –18.0 (1.9) million 

• 9 months: SEK –19.8 (41.2) million

Result before tax

• Q3: SEK –66.9 (–533.1) million 

• 9 months: SEK –162.6 (–618.1) million

Result per share after tax

• Q3: SEK –1.40 (–11.17)

• 9 months: SEK –3.41 (–12.95)

Events in the third quarter 

• Extended charter for P-MAX tanker Stena Provence and Stena Paris

• Another quarter without any lost time injuries.

Key ratios 

• Total income, SEK million 685.2 (633.8.0)

• EBITDA, SEK million –20.3 (41.2)

• EBITDA, USD million –2.4 (4.8)

• Operating result, SEK million –158.3 (–591.7)

• Result excluding impairment and tax, SEK million –162.6 (–144.4)

• Result before tax, SEK million –162.6 (–618.1)

• Result after tax, SEK million –162.7 (–618.1)

• Equity ratio, % 40 (41)

• Return on equity, % –17 (–32)

• Available liquid funds, including unutilised credit facilities, SEK million 185.0 (442.2)

• Result per share after tax, SEK –3.41 (–12.95)

• Equity per share, SEK 22.24 (26.38)

• 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 8 November 2018 at approx. 2.00 p.m. 

For more information, please contact:

Kim Ullman

CEO, Concordia Maritime AB

Tel +46-31-855003   

Mob +46-704-855003

Email: [email protected]  

Ola Helgesson

CFO, Concordia Maritime AB

Tel +46-31-855009

Mob +46-704-855009

Email: [email protected]

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

http://news.cision.com/concordia-maritime/r/interim-report--1-january-30-september-2018,c2667504

The following files are available for download:

SOURCE Concordia Maritime

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