2/23/2004

Concordia Maritime - Final Accounts 2003

  • Full-year result after financial net SEK 35.1 (-142.4) million
  • Full-year result per share (after tax) SEK 1.62 (-3.15)
  • Break-even for fourth quarter
  • Six P-MAX tankers ordered – an investment of approx. SEK 1,500 million. Two of these chartered for five years to the oil company TOTAL
  • Proposed dividend: SEK 0.50 per share
  • Last Concordia vessels sold to offshore projects in January, 2004. Estimated capital gain of SEK 60 million.
  • Forecast for 2004: SEK 135 million