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Article: Germany: FIRST QUARTER RESULTS 2009 AND NEW FINANCING.(Financial report)

Article from:
TendersInfo
Article date:
April 24, 2009
Copyright

Byline: sander03

The executive committee of Euronav NV (EURONEXT BRUSSELS: EURN) today reported its financial results for the three months ended 31st March 2009.

The company had a net income of USD 16.8 million (first quarter 2008: USD 80.7 million) or USD 0.34 (first quarter 2008: USD 1.56) per share, for the first quarter 2009. EBITDA for the same period was USD 79 million (first quarter 2008: USD 154.2 million). The average daily time charter equivalent rates (TCE) obtained by the company s fleet in the Tankers International pool was approximately USD 47,000 per day in the first quarter of 2009 (first quarter 2008: USD 100,000 per day). The time ...

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