FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 97 MILLION FOR THE 4TH QUARTER 2016
HIGHLIGHTS FOR THE QUARTER · Revenues were 157 million · EBITDA were 97 million · Impairment of 11 million · Operating profit (EBIT) was 22 million · Profit before tax was 19 million · Earnings per share were 0.15 · Covenant waiver request approved by the banks Post quarter event · Contract extension for Bideford Dolphin · Contract extension for Blackford Dolphin · Waiver request for the bond loan FOE05 approved by the bondholders