Negative earnings trend for the first quarter * Net revenue for the first quarter fell to SEK 378 M (463). The decrease was due to lower volumes of freight and lower freight rates. * A loss after tax of SEK 44 M (profit: 81) was reported by continuing operations for the quarter. For the Group a loss after tax of SEK 50 M (74) was reported. * Net loss per share amounted to SEK 1.60 (earnings: 2.90) * The Offshore spot market in the North Sea, where all vessels were deployed, was weaker than anticipated during the first quarter, which resulted in a decline in earnings. The Offshore/Icebreaking business area's loss for the first quarter amounted to SEK 3 M (profit: 58). * The Industrial Shipping business area was negatively impacted by the downturn in the economy and operating loss for the first quarter amounted to SEK 34 M (profit: 30). * The company's financial position remains favorable, with an equity/assets ratio of 42% and cash and cash equivalents of SEK 565 M. (för fullständig rapport se bifogad fil)
TRANSATLANTIC: INTERIM REPORT JANUARY - MARCH 2009
| Source: Viking Supply Ships AB