Brief: GC Rieber Shipping Reports Q4 Operating Income Of NOK 43.1 Mln, Compared With NOK 70.2 Mln In Corresponding Period Of 2018

GC Rieber Shipping ASA

11/02/2020 17:20

Feb 11 (Reuters) - GC Rieber Shipping ASA  RISH.OL :
    * GC RIEBER SHIPPING - FOURTH QUARTER RESULTS 2019
    * HAD A FLEET UTILISATION OF 84% IN Q4 OF 2019, YIELDING A FLEET UTILISATION OF 89% FOR FULL
YEAR
2019
    * SUBSEA & RENEWABLES AND ICE/SUPPORT VESSELS HAVE CONTRACT COVERAGE OF 79% FOR 2020
    * OPERATING INCOME OF NOK 43.1 MILLION IN Q4 OF 2019, COMPARED WITH NOK 70.2 MILLION IN
CORRESPONDING PERIOD OF 2018
    * Q4 EBITDA WAS NOK 42.3 MILLION, COMPARED WITH NOK 273.7 MILLION IN Q4 OF 2018
    * YEAR-ON-YEAR DECREASE IN EBITDA MAINLY DUE TO NON-CASH GAIN OF NOK 310 MILLION BOOKED IN
2018
    * NON-CASH GAIN OF NOK 310 MILLION BOOKED IN 2018 AS A RESULT OF SHEARWATER'S ACQUISITION OF
WESTERNGECO'S MARINE SEISMIC BUSINESS
    * NET PROFIT FOR GC RIEBER SHIPPING WAS NOK 7.6 MILLION IN QUARTER, COMPARED WITH A NET
PROFIT OF
NOK 269.4 MILLION IN Q4 OF 2018
    * PRELIMINARY NET PROFIT FOR FULL YEAR 2019 WAS NOK 14.4 MILLION

Source text for Eikon:  ID:nWkr8JyxXk 
Further company coverage:  RISH.OL 

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