Odfjell SE: Good quarter driven by increased chemical tanker earnings
Odfjell SE today reported its results for the second quarter of 2020. The report shows a good performance which was mainly due to increased chemical tanker earnings. Highlights for 2Q20: · EBITDA of USD 82 million, compared with USD 66 million in 1Q20 · EBITDA of USD 74 million from Odfjell Tankers, compared with USD 58 million 1Q20 · EBITDA of USD 8 million from Odfjell Terminals, same as 1Q20 · Net result of USD 31 million compared with USD -4 million last quarter · Adjusted for non-recurring items, net results are USD 17 million in 2Q20 compared with adjusted net