• 2014 November 14 09:09

  Concordia Maritime reports 9% net income gain to SEK 405.4 million

  

  Total income of Concordia Maritime for the nine-month period ended 30 September 2014 rose to SEK 405.4 million from SEK 372.1 million for the same period a year earlier. The Company's third quater loss slashed by SEK 27,0 million, Concordia said in its interim report for 1 January - 30 September 2014.
  
  In the reporting period EBITDA increased to MSEK 160.5 from 135,5 million in 9M 2013. Operating result jumped to SEK 54.2 million (MSEK 27,4). Result after tax was SEK 25.3 million (SEK 2.0 million). EPS was SEK 0.53 (0.04). EBITDA $ 24.0 million(20.8 million). Available liquid funds, including unutilized available credit facilities edged down SEK 358.3 million from 358.7 million a year ago.
  
  Concordia Maritime expects profit for the full year.
  
  Gothenburg, Sweden headquartered Concordia Maritime, established in 1984, is an international tanker shipping company specializing in transporting refined petroleum products and vegetable oils.
  
  

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