Odfjell - Second Quarter Result 2007

 | Source: Odfjell SE Odfjell SE

  • First six months net result of USD 101 million, EBITDA of USD 175 million and EBIT 135 million   
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  • Stronger market throughout the second quarter.
    •     Time-charter results improved by about 6% over first quarter and 21% over second quarter 2006
     
  • Gain on sale of ships of USD 25 million in the second quarter
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  • High ship operating expenses and bunker prices
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  • Solid and improving results from tank terminals
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    Attached please find 2nd quarter report 2007
     
    Press contact: President/CEO Terje Storeng, ph. +47 55270000 or
    Senior Vice President/CFO Haakon Ringdal,ph. +47 5527 4563 or +47 995 83620,
    E-mail: haakon.ringdal@odfjell.com
     
     
    Additional information about Odfjell is available at: www.odfjell.com

    Attachments

    ODF072Q