latest news releases from the newsroom
Allied Domecq PLC
Allied Domecq PLC -- Trading Statement
Bristol, U.K., Sept. 1, 2003 (PRIMEZONE) -- At the close of its financial year ended 31 August 2003, Allied Domecq (NYSE:AED) (Other OTC:ALDQF) confirmed strong underlying growth in trading profit together with earnings in line with expectations despite ongoing tough economic conditions in some markets.
Smedvig: The Balder dispute
STAVANGER, Norway, Sept. 1, 2003 (PRIMEZONE) -- Smedvig (NYSE:SMVa) (NYSE:SMVb) has today been notified by Esso that the company will not appeal the Balder ruling by the Stavanger City Court. However, Esso has decided to file a complaint (Kjaeremal) with the Appeal Court (Gulating Lagmannsrett) concerning the parties' litigation costs. Smedvig has noted Essos's decision and maintains its decision not to appeal the ruling.
Northern Offshore Ltd
Northern Offshore: Report for the Second Quarter of 2003
OSLO, Norway, Sept. 1, 2003 (PRIMEZONE) -- Northern Offshore Ltd. (Other OTC:NOFSF) reports consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) of USD 6.6 million for the second quarter of 2003, down from USD 7.6 million in the first quarter. Revenues decreased from USD 15.3 million in the first quarter to USD 13.1 million in the second quarter. The decrease was mainly due to Energy Searcher being off-hire between March 27 and May 16. Revenues from Northern Producer were in line with the first quarter.
Golar LNG Second Quarter and Six Months Results
OSLO, Norway, Sept. 1, 2003 (PRIMEZONE) -- Golar LNG (Nasdaq:GLNG) reports net income of $8.8 million for the three months ended June 30, 2003 and operating income of $15.6 million as compared to $6.1 million and $16.0 million, respectively, for the three months ended June 30, 2002. Operating income includes a charge for depreciation and amortization of $7.0 million and $7.7 million, respectively, for the second quarters of 2003 and 2002. The reduction in the current quarter is due to the amortization of the deferred credit resulting from the lease finance transaction announced last quarter. The amount amortized during the three months ended June 30, 2003 was $0.8 million. Earnings per share for the quarter were $0.16 as compared to $0.11 for the same period in 2002.
AOL assigns Framfab
STOCKHOLM, Sweden, Sept. 01, 2003 (PRIMEZONE) -- Framfab will support AOL Germany in the development of new online- activities. Both companies have agreed on a substantial future co- operation.