Farstad Shipping ASA – Report 2Q and 1st half year accounts 2016
Attached please find Report 2Q and 1st half year 2016.
Farstad Shipping achieved an operating income of NOK 735.1 million for the 2nd quarter. The operating loss (EBIT) was NOK 849.4 million after impairments of NOK 862.5 million. Loss after taxes was NOK 961.7 million.
The operating income at 30.06.16 was NOK 1,562.3 million. The operating loss (EBIT) was NOK 801.3 million after impairments of NOK 862.5 million. Loss after taxes was NOK 867.5 million.
Contacts for further information:
CEO Karl-Johan Bakken – tel. +47 901 05 697
CFO Olav Haugland – tel. +47 915 41 809
Farstad Shipping’s fleet currently consists of 57 vessels (29 AHTS, 22 PSV and 6 SUBSEA) and 1 SUBSEA vessel under construction. The company’s operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,780 employees engaged onshore and offshore. The company’s strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.