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INTERIM REPORT JANUARY - JUNE 2009

ID: 1003548
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(Thomson Reuters ONE) - * Net revenue for the first six months amounted to SEK 1,176 M (1,170) * A loss after tax of SEK 67 M (profit: 120) was reported for the first six months * Net revenues for the second quarter amounted to SEK 573 M (585) * A loss per share after tax of SEK 2.40 (profit: 4.30) was reported for the first six months * A loss after tax of SEK 17 M (profit: 46) was reported in the second quarter * The offshore spot market in the North Sea, where all vessels were deployed, performed somewhat better in the second quarter. The Offshore/Icebreaking business area's operating profit for the second quarter amounted to SEK 6 M (8) * The Industrial Shipping business area continued to be adversely impacted by the downturn in the global economy and operating loss for the second quarter amounted to SEK 22 M (profit: 45) but this was better than the result from the first quarter. * The company's financial position remains favorable, with an equity/assets ratio of 42% (42% at December 31, 2008) at the end of the period and cash and cash equivalents amounted to SEK 336 M (SEK 574 M at December 31, 2008) * Results for January- June 2009: Net revenues SEK 1,176 M (1,170) Operating loss before taxes was SEK 80 M (profit: 122)* Loss before tax amounted to SEK 82 M (profit: 127) Loss after current tax was SEK 82 M (profit: 127) Loss after full tax amounted to SEK 67 M (profit: 120) Shareholders' equity at June 30, 2009 amounted to SEK 47.60 per share (SEK 50.90 per share at December 31, 2008) The equity/assets ratio on the closing date was 42% (42% at December 31, 2008) Return on shareholders' equity was a negative 10% (pos: 20%) Return on capital employed was a negative 4% (pos: 13%)*Operating loss: Earnings before tax and restructuring costs.Read the full report here:http://hugin.info/135816/R/1336817/318251.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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published by: hugin
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Date: 08/25/2009 - 08:30
Language: English
News-ID 1003548
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Kontakt-Informationen:
Firma: Rederi AB Transatlantic
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Stadt: London
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