Farstad Shipping ASA – Report 3Q 2016 and 30.09.2016
Attached please find Report 3Q 2016.
Farstad Shipping achieved an operating income of NOK 601.0 million for the 3rd quarter. The operating loss (EBIT) was NOK 270.3 million after depreciations of NOK 263.7 million. Loss after taxes was NOK 350.3 million.
The operating income at 30.09.16 was NOK 2,163.3 million. The operating loss (EBIT) was NOK 1,071.6 million after depreciations and impairments of NOK 1,544.9 million, of which impairments charges amounts to NOK 862.5 million. Loss after taxes was NOK 1,217.7 million.
Contacts for further information:
CEO Karl-Johan Bakken +47 901 05 697
CFO Olav Haugland +47 915 41 809
Farstad Shipping’s fleet currently consists of 55 vessels (27 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,725 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.