Attached please find Report 2Q and 1st half year 2012.
Farstad Shipping achieved an operating income of NOK 933.7 million for the 2nd quarter. The operating profit (EBIT) was NOK 200.8 million. The profit after taxes was NOK 44.0 million.
The operating income at 30.06.12 was NOK 1,839.2 million. The operating profit (EBIT) was NOK 364.7 million. The profit after taxes was NOK 157.8 million.
Contacts for further information:
CEO Karl-Johan Bakken - tel. +47 901 05 697
CFO Torstein Stavseng - tel. +47 911 07 001
Farstad Shipping's fleet currently consists of 54 vessels (29 AHTS, 22 PSV and 3 SUBSEA) and 7 PSV and 4 AHTS under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Farstad Shipping ASA via Thomson Reuters ONE