Ocean Yield ASA: First Quarter 2018 Report
Fornebu, 3rd May 2018, Ocean Yield ASA (“Ocean Yield” or the “Company”)announces results for the first quarter ending 31st March 2018. Highlights · Declared a dividend of USD 0.1905 per share for Q1 2018. This is an increase of 0.10 cents per share compared with the previous quarter. · EBITDA for Q1 2018 was USD 77.8 million, and EBITDA adjusted for finance lease effects was USD 86.8 million. · Net profit before tax for Q1 2018 was USD 35.7 million and Net profit after tax was USD 33.3 million. Adjusted net profit was USD 33.9 million. · Acquisition of four VLCC crude