The executive committee of Euronav NV (NYSE EURONEXT: EURN) reported its preliminary financial results for the three months ended 31st March 2011. For the first quarter 2011, the company had a net income of USD 19.2 million or USD 0.38 per share (first quarter 2010: USD 22.3 million and USD 0.45 per share). EBITDA for the same period was USD 72.7 million (first quarter 2010: USD 84.2 million). The result is affected positively by the revaluation at marked-to-market levels of non cash items such as hedge instruments on interest rates and rate of exchange for a total of USD 5.2 million.