News Column

Farstad Shipping ASA - Report 2Q and 1st half year accounts 2014

August 18, 2014

Attached please find Report 2Q and 1(st) half year 2014. Farstad Shipping achieved an operating income of NOK 1,050.6 million for the 2(nd) quarter. The operating profit (EBIT) was NOK 178.6 million. The profit after taxes was NOK 46.7 million. The operating income at 30.06.14 was NOK 2,060.3 million. The operating profit (EBIT) was NOK 371.3 million. The profit after taxes was NOK 126.2 million. Contacts for further information: CEO Karl-Johan Bakken -   tel. +47 901 05 697 CFO Torstein L. Stavseng - tel. +47 911 07 001 Farstad Shipping's fleet currently consists of 62 vessels (32 AHTS, 27 PSV and 3 SUBSEA) and 2 SUBSEA under construction. The company's operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, MacaÉ and Rio de Janeiro with a total of 2,250 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry. The company maintains a long-term charter profile for the fleet. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Quarterly Report 2 2014: This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Farstad Shipping ASA via GlobeNewswire [HUG#1849480]

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Source: Thomson Reuters ONE

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