Report for the 4th quarter 2011 and preliminary results for 2011

 Figures inNOK

 FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 889 MILLION FOR THE 4TH QUARTER 2011AND EBITDA OF 3,541 MILLION FOR THE YEAR 2011

 

HIGHLIGHTS

  • Revenues were 1,682 million
  • EBITDA were 889 million
  • Operating profit (EBIT) was 542 million
  • Profit before tax was 516 million
  • Earnings per share were 8.0
  • Belford Dolphin - secured new four-year contract
  • Bolette Dolphin - secured a four-year contract
  • Borgsten Dolphin - secured a 40 months Tender Support Vessel contract
  • Bredford Dolphin – Lundin exercised three optional wells
  • Proposed dividend payment of NOK 10 in ordinary dividend and an extraordinary dividend of NOK 10 per share

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