Report for the 1st quarter 2016

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 139 MILLION IN 1Q 2016

HIGHLIGHTS

Revenues were 235 million

EBITDA was 139 million

Operating profit (EBIT) was 64 million

Profit before tax was 39 million

Earnings per share were 0.50


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