Exmar Reports First Half Results

Thursday, September 20, 2007
According to reports, Exmar reported a decline in final first-half net profit and EBITDA, despite rising sales. First-half net profit fell to $16.9m from 57.3m and EBITDA dropped to 59m from 84.8m. Sales inched up year on year to 247.1m from 243.3m. The results modify preliminary first-half results published at the end of July. Looking ahead, the group said results in the liquefied petroleum gas (LPG) division for the second half 'could be affected' by increased idle time in the midsize segment during the summer months. Source: Thomson Financial

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