Fortis Bank Belgium News

The executive committee of Euronav NV (Euronext Brussels: EURN) reported its financial results for the three months ended 31st March 2009. All figures have been prepared under IFRS (International Financial Reporting Standards) and have not been reviewed by the joint statutory auditors. The figures have been prepared without taking into account any impact of deferred taxes. The company had a net income of $16.8m (first quarter 2008: $80.7m) or $0.34 (first quarter 2008: $1.56) per share, for the first quarter 2009. EBITDA for the same period was $79m (first quarter 2008: $154.2m). The average daily time charter equivalent rates (TCE) obtained by the company’s fleet in the Tankers International pool was approximately $47…