Final accounts 1 January - 31 December 2010

Net turnover, SEK million 513.4   ( 599.3)

Result after tax, SEK million 80.4  ( –81.1)

Result per share, SEK 1.68  ( –1.70)

EBITDA, USD million 30.5  ( 21.0)

Available liquid funds 1) , SEK million 698.0  ( 536.0)

1) Including unutilised credit facilities.

  • Business operations proceeding according to plan.
  • Continued satisfactory available liquid funds, SEK 698.0 (536.0) million.
  • Forecast for 2011: A profit before tax of USD 10–13 million (approx. SEK 65–85 million), depending on how the open market develops in 2011.
  • The Board of Directors proposes that the Annual General Meeting in 2011 approve a dividend of SEK 1.0 (1.0) per share.

Hans Norén, President, +46 31 855101, +46 704 855101
Goran Hermansson, Financial Director, +46 31 855046, +46 704 855046

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About Us

Concordia Maritime is an international shipping company. Our focus is on the cost-efficient and safe transportation of refined petroleum products and edible oils. The series B-share has been listed on Nasdaq OMX Stockholm since 1984. www.concordiamaritime.com

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