First Quarter results 2022
Fornebu, 24th May 2022, Ocean Yield AS (“Ocean Yield” or the “Company”) announces results for the first quarter 2022.Highlights · EBITDA for Q1 2022 was USD 41.1 million and EBITDA adjusted for finance lease effects was USD 68.4 million. · Net profit for the period Q1 2022 was USD 22.1 million and adjusted net profit for Q1 2022 was USD 21.4 million. · The sale of the vessels Navig8 Pride and Navig8 Providence was completed during the first quarter. · Post quarter end, delivery of one newbuilding Suezmax tanker with long-term charter. · Continuing to expand the