Interim Report, 1 January-30 June 2017 - Concordia Maritime AB

GÖTEBORG, Sweden, August 15, 2017 /PRNewswire/ --

• Total income, Q2: SEK 211.1 (280.8) million, 6 months: SEK 436.0 (544.4) million

• Result after tax, Q2: SEK –43.9 (12.4) million, 6 months: SEK –85.1 (45.8) million

• EBITDA, Q2: SEK 10.0 (57.2) million, 6 months: SEK 39.3 (160.6) million

• Result per share after tax, Q2: SEK –0.92 (0.26), 6 months: SEK –1.78 (0.96)

• Two ECO MR vessels chartered on a 50% basis with Stena Weco.

• Contract signed to charter out the P-MAX tanker Stena Paris. The contract is for one year, with an option to extend for a further year.

• Another quarter without any lost time injuries

Key ratios

• Total income, SEK million 436.0 (544.4)

• EBITDA, SEK million 39.3 (160.6)

• EBITDA, USD million 4.4 (19.3)

• Operating result, SEK million –69.9 (45.1)

• Result before tax, SEK million –85.1 (45.8)

• Result after tax, SEK million –85.1 (45.8)

• Equity ratio, % 49 (44)

• Return on equity, % –3 (8)

• Available liquid funds, including unutilised credit facilities, SEK million 281.0 (385.9)

• Result per share after tax, SEK –1.78 (0.96)

• Equity per share, SEK 38.29 (39.83)

• 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

CONTACT:

Kim Ullman

CEO

Concordia Maritime AB

Tel +46-31855003

Mobile +46-704855003

Email [email protected] 

Ola Helgesson

CFO

Concordia Maritime AB

Tel +46-31-855009

Mobile +46-704-855009

Email [email protected]

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SOURCE Concordia Maritime