Concordia Maritime 1H 2014 Interim Report

By George Backwell
Friday, August 15, 2014
Stena Premium: Photo courtesy of Concordia Maritime

Swedish tankship owners Concordia Maritime inform of positive results in the first half of 2014 after the sale of shares in jointly-controlled entities, Stena Poseidon and Palva.

Highlights

  • New contract with global oil and gas company in line with new employment strategy Seasonal market decline stronger than expected profit expected for full year
  • Total income, MSEK: 301,4 (246,7)
  • EBITDA, MSEK: 138,2 (90,0)
  • Operating result, MSEK: 68,1 (18,2)
  • Result after tax, MSEK: 52,3 (1,4)


About the company

Concordia Maritime is an international tanker shipping company. Its focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company’s B shares were admitted to trading on Nasdaq OMX Stockholm in 1984.
www.concordiamaritime.com
 


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