Report for the 1st quarter 2012

Figures in NOK

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 844 MILLION IN 1Q 2012

HIGHLIGHTS

  • Revenues were 1,606 million
  • EBITDA was 844 million
  • Operating profit (EBIT) was 506 million
  • Profit before tax was 395 million
  • Earnings per share werew 5.6
  • Lundin exercised optional well for Bredford Dolphin

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