Odfjell - Report First Six Months 2008

 | Source: Odfjell SE Odfjell SE

  •         First six months net result of USD 41 million, EBITDA of USD 149 million and EBIT USD 82 million
  •         Increased freight rates offset by record high bunker prices caused time-charter results per day to decrease by
    •             5% compared to first quarter 2008
  •         Gain on sale of ships of USD 7 million in the second quarter
  •         Solid and continued improving results from tank terminals
  •         Antitrust case in Europe closed with no financial impact
    •  
    Attached please find 2nd quarter report 2008
     
    Press contact: Senior Vice President/CFO Haakon Ringdal,ph. +47 5527 4563 or +47 995 83620,
    E-mail: haakon.ringdal@odfjell.com

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