Marine Link
Monday, September 26, 2016

Teekay Reports 2Q Results

August 3, 2006

Teekay Shipping Corporation reported net income of $20.4m, or $0.27 per share, for the quarter ended June 30, 2006, compared to net income of $104.6m, or $1.23 per share, for the quarter ended June 30, 2005. The results for the quarters ended June 30, 2006 and 2005 included a number of specific items that had the net effect of decreasing net income by $29.4m, or $0.39 per share, in the second quarter of 2006, and increasing net income by $12.7m, or $0.15 per share, in the second quarter of 2005. Net voyage revenues for the second quarter of 2006 were $311.2m, compared to $381.8m for the same period in 2005, and income from vessel operations decreased to $68.9m from $131.5m, which included $15.9m in gains on vessel sales. Net income for the six months ended June 30, 2006 was $122.1m, or $1.62 per share, compared to $383.6m, or $4.42 per share, for the same period last year. The results for the six months ended June 30, 2006 included a number of specific items that had the net effect of decreasing net income by $46.8m, or $0.62 per share. The results for the six months ended June 30, 2005 included a number of specific items that had the net effect of increasing net income by $146.5m, or $1.69 per share. Net voyage revenues for the six months ended June 30, 2006 were $703.6m, compared to $800.7m for the same period in 2005, and income from vessel operations decreased to $211.6m from $401.4m, which included $117.7m in gains on vessel sales.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News