Concordia Maritime AB: Interim Report for First Quarter


GOTHENBURG, Sweden, May 5, 2003 (PRIMEZONE) -- Interim Report for Concordia Maritime AB (Publ) January 1 - March 31, 2003


 -- Result after financial net SEK 68.1 (-46.5) million, SEK 1.41
    (-0.99) per share

 -- Strong freight market in first quarter

 -- Continued safe and cost-efficient ship operation

 -- Healthy underlying demand for large-tanker transportation -- 
    but uncertainty concerning Iraq situation and the SARS virus 
    are having a negative impact

 -- Profit expected for second quarter

 -- Forecast for full year unchanged: SEK 100 million profit, 
    SEK 2.10 per share

 Further information may be obtained from:
 Lars Carlsson, President               tel.+46 31 85 50 03 or
                                            +46 704 85 50 03
 Hans Noren, Executive Vice President   tel.+46 31 85 51 01 or
                                            +46 704 85 51 01
 Jonas Kamstedt                         tel.+46 31 85 50 80 or
                                            +46 704 85 50 80

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/05/05/20030505BIT01050/wkr0001.doc

The full report

http://www.waymaker.net/bitonline/2003/05/05/20030505BIT01050/wkr0002.pdf

The full report