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FINANCIAL REPORT FOR THE 2nd QUARTER 2010 / 1ST HALF YEAR 2010

Updated:30.08.2010
  • Operating revenues for the 2nd quarter where NOK 675 mill compared to NOK 703 mill in 2009
  • Cash flow from operations (EBITDA) for the quarter was NOK 290 mill (NOK 345 mill).
  • Operating revenues for the first half year was NOK 1.231 mill compared to NOK 1.268 mill in the same period last year.
  • In the same 6 months period, cash flow from operations (EBITDA) was NOK 490 mill (NOK 631 mill)
  • During the 2nd quarter the company took delivery of 3 new vessels (1 CSV and 2 AHTS’s) and entered into a contract for construction of a PSV able to run on LNG
  • Result after tax for 2nd quarter includes a tax expense of NOK 116 mill from a change in the transition rules for final settlement of tax related to the old tonnage tax regime
  • FINANCIAL REPORT FROM 1ST QUARTER 2010

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Related

  • Solstad offshore Financial Report Q2 2010

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