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Concordia Maritime 1H 2014 Interim Report

Maritime Activity Reports, Inc.

August 15, 2014

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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