Third quarter results 2023
Fornebu, 21[st] November 2023, Ocean Yield AS (“Ocean Yield” or the “Company”)announces results for the third quarter 2023. Highlights · EBITDA for Q3 2023 was USD 51.5 million and adjusted for lease effects was USD 79.0 million. · Net profit for Q3 2023 was USD 18.5 million. · Strong balance sheet, with an equity ratio of 30.6% and USD 133.8 million in cash. · During the third quarter, the Company signed an agreement to acquire four LR1 newbuilding product tankers with sustainability-linked long-term bareboat charters to Braskem S.A. · Also during the quarter, the