Brief: Oceanteam EBITDA 2019 Falls To USD 7.8 Million

Oceanteam ASA

09/04/2020 12:04

April 9 (Reuters) - Oceanteam ASA  OTS.OL :
    * EBITDA 2019 USD 7.8 MILLION COMPARED TO USD 12.2 MILLION
IN 2018
WITH A DECLINING MARGIN OF 43% COMPARED TO 48% IN 2018
    * NET PROFIT FOR YEAR IS USD 0.7 MILLION COMPARED TO A LOSS
IN
2018 OF USD 0.1 MILLION
    * 2019 EQUITY RATIO IMPROVED FURTHER TO 74% (2018: 70%)
    * IN SHIPPING DIVISION, BOTH VESSELS WERE UNDER CONTRACT
DURING
2019, WITH AN AVERAGE UTILISATION OF 90%
    * APART FROM JOINT VENTURE DEBT, COMPANY FURTHER HAS USD 3.2
MILLION SHAREHOLDERS' LOAN FOR WORKING CAPITAL PURPOSES

Source text for Eikon:  ID:nObiyvQd0a 
Further company coverage:  OTS.OL 

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