Ocean Yield ASA: Third Quarter 2017 Report
Lysaker, 2nd November 2017, Ocean Yield ASA (“Ocean Yield” or the “Company”)announces results for the third quarter 2017.Highlights ·Declared a dividend of 0.1885 per share for Q3 2017. This is an increase of 0.10 cents per share compared with the previous quarter and is the 16th consecutive dividend increase. ·EBITDA for Q3 2017 was USD 80.6 million, reflecting delivery of another four vessels at the end of the previous quarter. ·EBITDA adjusted for finance lease effects was USD 89.3 million. ·Net profit before tax for Q3 2017 was USD 39.2 million and Net