Brief: Viking Supply Ships Announces Sale of Ships

Viking Supply Ships AB

10/08/2018 15:05

Aug 10 (Reuters) - Viking Supply Ships AB  VSSABb.ST :
    * SALE OF SHIPS INCLUDING WRITE DOWN OF CERTAIN BOOK VALUES IN Q2 AND GUIDING OF AN EXPECTED
LOSS
IN H2
    * HAS SOLD ITS THREE ICEBREAKERS, TOR VIKING, BALDER VIKING AND VIDAR VIKING TO HER MAJESTY
THE
QUEEN IN RIGHT OF CANADA
    * IMPACT ON NET RESULT OF SALE IS ESTIMATED AT MUSD 274 AND WILL BE BOOKED IN Q3
    * TRANSACTION IS EXPECTED TO CLOSE BY END OF AUGUST
    * IN ADDITION, COMPANY EXPECTS TO BOOK A LOSS OF APPROXIMATELY MUSD 18 IN RELATION TO
PLANNED SALE
OF ODIN VIKING
    * SALE OF ODIN VIKING, WHICH IS EXPECTED TO BE BOOKED IN Q3 OR Q4
    * "WE EXPECT A CONTINUED WEAK MARKET AND AN OPERATING LOSS ALSO FOR SECOND HALF OF 2018"

Source text for Eikon:  ID:nWkr23n72v 
Further company coverage:  VSSABb.ST 

 (Gdynia Newsroom)
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