businesspress24.com - Report 4Q 2009 and preliminary accounts 2009
 

Report 4Q 2009 and preliminary accounts 2009

ID: 1010508

(Thomson Reuters ONE) -


Attached please find Report 4Q 2009.

Farstad Shipping achieved an operating income of NOK 804.7 million for the 4th
quarter.  The operating profit (EBIT) was NOK 294.7 million. The profit after
taxes was NOK 869.1 million.

The operating income at 31.12.09 was NOK 3 257.6 million. The operating profit
(EBIT) was NOK 1 281.3 million. The profit after taxes was NOK 1 931.5 million.

The Board will propose a dividend of NOK 3,00 per share for 2009.

Contacts for further information:

CEO Karl-Johan Bakken -    +47  90 10 56 97
CFO Torstein L. Stavseng -  +47 91 10 70 01

Farstad Shipping's fleet currently consists of 57 vessels (30 AHTS, 24 PSV and
3 SUBSEA) and 1 AHTS under construction at Norwegian yard. The company's
operations are run from Aalesund, Aberdeen, Melbourne, Singapore and Macaé by a
total of 1700 employees onshore and offshore. The company's strategy is to be a
major international supplier of large, modern offshore service vessels to the
oil industry.  We also remain committed to solid long-term charter profile for
the fleet.

www.farstad.com


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1385488]





Quarterly Report 4 2009: http://hugin.info/45/R/1385488/344208.pdf







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drucken  als PDF  an Freund senden  ÅF - Summary of Annual Report for 2009
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Bereitgestellt von Benutzer: hugin
Datum: 17.02.2010 - 08:54 Uhr
Sprache: Deutsch
News-ID 1010508
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