Ocean Yield ASA: Q3 2019 Financial Report
Fornebu, 29th October 2019, Ocean Yield ASA (“Ocean Yield” or the “Company”) announces results for the third quarter ending 30th September 2019.Highlights · Declared dividend for Q3 2019 of USD 0.1910 per share. This is the 25th consecutive quarterly dividend. · EBITDA for Q3 2019 was USD 57.2 million and EBITDA adjusted for finance lease effects was USD 80.8 million. · Net profit after tax for Q3 2019 was negative USD 63.2 million. This includes an impairment of USD 68.4 million on the book value of the FPSO Dhirubhai-1. The impairment reflects new estimates for future