Press Releases from Exmar (6 total)
PROVISIONAL RESULTS 2007
The Executive Committee of EXMAR reported today its preliminary results for the fourth quarter and full year 2007.
- Weak operating results for the fourth quarter and for the year 2007 due essentially to decrease in VLGC
rates;
- Contribution from LNG and Offshore divisions in line with expectations;
Financial results significantly affected by non-cash unrealised loss on interest rate derivatives and unrealised exchange differences;
- Positive outlook for the Midsize LPG fleet in 2008,…
Exmar half year results on 30th June 2007
The board of directors of EXMAR NV has drawn up the accounts for the period ending 30th June 2007. This press release also refers to the one distributed on 26 July 2007 (provisional results).
OUTLOOK SECOND SEMESTER
Results in the LPG-division for the second semester of 2007 could be affected by increased idle time in the Midsize segment during the summer months. The outlook for VLGC seems however more encouraging on the…
EXMAR applies for a domain concession for the construction of an LNG and High Pr …
EXMAR has applied today to MBZ, the Zeebrugge Port Authority, for a domain concession for the construction of a discharging and ship-to-ship transfer installation for LNG and high pressure natural gas in the Port of Zeebrugge (Belgium).
At the moment, Belgium has only one single jetty to discharge LNG, at the LNG terminal in the Port of Zeebrugge.
With the view of securing additional natural gas supply for the country, in an…
WEAKER FIRST SEMESTER DUE TO DISAPPOINTING VLGC MARKET
The executive committee of EXMAR has reviewed the provisional results of the second quarter and the first semester 2007.
During the first six months of the current year, an operational result (EBIT) of USD 33.4 million was recorded (compared to USD 60.6 million for the first six months of 2006, including USD 10.0 million capital gain realised on the sale of vessels and
USD 11.0 million non-recurrent items).
The financial result incorporates the…
Provisional results 2006
The Executive Committee of EXMAR reported today its preliminary results for the fourth quarter and full year 2006.
HIGHLIGHTS
- Firm results for 2006 but weak fourth quarter due essentially to decrease in VLGC rates;
- Positive outlook for 2007, although present weak LPG rates might negatively influence 1st quarter results;
- Positive contribution of EXCALIBUR, fixed on long term time charter at improved charter hire;
- Improved contribution of the Offshore division; one OPTI-EX…
EXMAR has engaged in a private offering of new shares
EXMAR NV has instructed an investment banker to raise at least 5 % of the outstanding market capitalization through a private placement of shares. The funds will be used to finance new LPG, LNG and Offshore projects.
The company will announce the results of the transaction after closing of the bookbuilding.
The suspension of the EXMAR share has been requested. Trading of the shares will be
resumed half an hour after publication of…
