Euronav Announces Half Year Results

Euronav NV posted a rise in final first half net profit to $135.5m from $124.7m, and said its final first half sales dropped to 329.1 mln usd from 349.1 mln last year. When it published preliminary H1 figures at the end of July, the group said the freight market in the second quarter was higher than in the first quarter, against seasonal expectations. The group also said in July that although the market has softened noticeably in recent weeks, the outlook for the rest of the year remains positive. Source: Forbes