Fourth Quarter and preliminary results 2021
Fornebu, 11[th] February 2022, Ocean Yield AS (“Ocean Yield” or the “Company”) announces results for the fourth quarter and preliminary results for the year ending 31[st] December 2021.HIGHLIGHTS · EBITDA for Q4 2021 was USD 41.5 million and EBITDA adjusted for finance lease effects was USD 66.1 million. · Net profit for the period Q4 2021 was USD 17.9 million and adjusted net profit for Q4 2021 was USD 23.6 million. · Acquisition of six eco-design VLCCs with long term charters to International Seaways Inc. for a total consideration of USD 375 million. · Acquisition of