Report for the 1st quarter 2014

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 102 MILLION IN 1Q 2014

HIGHLIGHTS

  • Revenues were 278 million
  • EBITDA was 102 million
  • Operating profit (EBIT) was 39 million
  • Profit before tax was 25 million
  • Earnings per share were 0.35
  • Change of reporting currency to USD
  • New bond loan – NOK 1.100 million
  • Bolette Dolphin delivered 21st February 2014

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