Concordia Maritime posts results for 2015
Concordia Maritime AB reports about results for 1 January–31 December 2015.
Total income, Q4: SEK 217.6 (125.7) million
Full year 2015: SEK 810.0 (531.2) million
Result before tax, Q4: SEK 49.8 (–12.7) million
Full year 2015: SEK 174.3 (16.5) million
EBITDA, Q4: SEK 117.3 (42.9) million
Full year 2015: SEK 423.8 (214.7) million
Result per share after tax, Q4: SEK 1.03 (–0.35)
Full year 2015: SEK 3.64(0.18)
Delivery of IMOIIMAX vessel Stena Important.
P-MAX vessel Stena Primorsk chartered out. The contract is for two years and runs from late January/early February 2016.
IMO2/3 class MR tanker (ECO-design) chartered in. The contract is for two years and runs from November 2015. Concordia Maritime’s share is 50 percent.
The Board will propose to the AGM a dividend of SEK 0.50 per share.
After the end of the reporting period
Another P-MAX tanker chartered out over a longer period. The contract runs from February 2016, and is for one year with an option for a further year.
Key ratios
Total income, SEK million 810.0 (531.2)
EBITDA, SEK million 423.8 (214.7)
EBITDA, USD million 50.3 (31.3)
Operating result, SEK million 209.6 (56.4)
Result after tax, SEK million 173.9 (8.7)
Equity ratio, % 43 (42)
Return on equity, % 10 (1)
Available liquid funds, including unutilised credit facilities, SEK million 367.1 (233.5)
Result per share after tax, SEK 3.64 (0.18)
Equity per share, SEK 39.15 (32.99)