Farstad Shipping ASA – Report 4Q 2015 and preliminary accounts 2015
Attached please find Report 4Q 2015.
Farstad Shipping achieved an operating income of NOK 939.3 million for the 4th quarter. The operating profit (EBIT) was negative NOK 982.0 million after/including impairments of NOK 1,094.6 million. The profit after taxes was negative NOK 1,310.9 million.
The operating income at 31.12.15 was NOK 4,011.1 million. The operating profit (EBIT) was negative NOK 813.8 million after/including impairments of NOK 1,279.6 million. The profit after taxes was negative NOK 2,170.0 million.
The Board will not propose dividends to be paid for the fiscal year 2015.
For further information, please contact:
CEO Karl-Johan Bakken – tel. +47 901 05 697
CFO Torstein L. Stavseng – tel. +47 911 07 001
Farstad Shipping’s fleet currently consists of 59 vessels (30 AHTS, 23 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 2,100 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.