Ocean Yield ASA: Q1 2017 Financial Report
Oslo, 8th May 2017, Ocean Yield ASA (“Ocean Yield” or the “Company”) announces results for the first quarter 2017.Highlights · Declared a dividend of USD 0.1850 per share for Q1 2017. This is an increase of 0.25 cents per share compared with the previous quarter and is the 14th consecutive quarterly increase. · Net profit before tax was USD 40.5 million and Net profit after tax was USD 36.8 million. Adjusted net profit was USD 33.4 million. · The charter backlog was USD 2.8 billion on an adjusted EBITDA basis with remaining average duration of 11.4 years. · Successful