SECOND QUARTER AND FIRST HALF YEAR RESULTS 2024
Fornebu, 19th August 2024, Ocean Yield AS (“Ocean Yield” or the “Company”) announces results for the second quarter and first half year 2024. HIGHLIGHTS · EBITDA for Q2 2024 was USD 58.5 million and Adjusted EBITDA was USD 96.6 million. · Net profit for Q2 2024 was USD 24.3 million. · Strong balance sheet, with an equity ratio of 34.9% and USD 246 million in available liquidity. In addition, a number of refinancings were completed after quarter end, giving a further positive liquidity effect of 31 million available to the Company. · Post quarter end, agreement to acquire 34%