Second quarter and first half year results 2023
Fornebu, 23[rd] August 2023, Ocean Yield AS (“Ocean Yield” or the “Company”) announces results for the second quarter and first half year of 2023.Highlights · EBITDA for Q2 2023 was USD 59.1 million and EBITDA adjusted for finance lease effects was USD 86.5 million. · Net profit for Q2 2023 was USD 27.7 million. · Strong balance sheet, with an equity ratio of 31.1% and USD 115.9 million in cash. · Signed an agreement to acquire four LR1 newbuilding product tankers with sustainability-linked long-term bareboat charters to Braskem S.A.. · Agreement with CMB N.V. that