1 JANUARY - 30 SEPTEMBER, 1999
9 Month Report 1999
- Result for the period SEK -14.2 million (112.3)
- Reported equity per share after full conversion SEK 20.04 (19.80)
- Weak tanker market: 45% lower time charter net compared with previous year
- Oil price doubled since 1 January
- positive for FPSO projects
- negative due to high bunker costs
- Low oil stocks could result in more shipments
- Continued effective ship operation
Summary of business activities
Sales and result
Consolidated sales during the first nine months amounted to SEK 587.4 (893.7) million. The result after financial items was SEK -14.2 (112.3) million and the result per share after tax was SEK -0.49 (4.29) and SEK -0.02 (2.65) after full conversion.