Provisional Results 2007
Hightlights: The Executive Committee of Exmar reported today its preliminary results for the fourth quarter and full year 2007.
Atwerp, Belgium, February 03, 2008 --(PR.com)-- - 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, although present weak VLGC rates might negatively influence 2008 results;
- Long-term employment for the 3 LNGRV’s under construction (Exquisite, Expedient & Exemplar) has been agreed on subjects;
- Discussions on long-term employment for the OPTI-EX™ are progressing well.
For full press release please go to Exmar corporate website: www.exmar.be
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- 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, although present weak VLGC rates might negatively influence 2008 results;
- Long-term employment for the 3 LNGRV’s under construction (Exquisite, Expedient & Exemplar) has been agreed on subjects;
- Discussions on long-term employment for the OPTI-EX™ are progressing well.
For full press release please go to Exmar corporate website: www.exmar.be
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Contact
Exmar NV
Ian Matheson
++44 (0)1689 860660
Contact
Ian Matheson
++44 (0)1689 860660
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