Concordia: Financial Statement.STOCKHOLM, Sweden -- Concordia Maritime AB (STO:CCORB) (publ) 1 January - 31 December 2006 Profit after tax SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 51.9 (57.2) million, including profit of SEK 0.0 (56.2) million on the sale of ships and exchange rate differences of SEK 4.3 (-52.6) million Due to a court ruling non-recurring cost of approx. MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 30 has affected the result Profit per share after tax: SEK 1.09 (1.20) Fourth quarter profit after tax SEK 3.9 million (21.7 million, including profit of SEK 2.9 million on the sale of ships) Fourth quarter profit per share after tax: SEK 0.08 (0.45) Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight , full year: SEK 381.2 (254.0) million; net sales, fourth quarter: SEK 124.8 (60.5) million Proposed dividend: SEK 1.00 (1.00) per share Forecast for 2007: SEK 80 million before tax, corresponding to SEK 1.67 per share An additional four P-MAX vessels have been ordered during the year Concordia Maritime AB (publ) is an international tanker shipping company listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . The company has ordered ten vessels, which are being built in accordance with the MAX concept. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. In addition to having mandatory double hulls, they have been designed according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear steering gear n. The mechanism by which dispositions of the steering controls of a vehicle are transferred to the part that interacts with the external medium. Noun 1. , two propellers and double control systems. In 2004, two Panamax tankers of about 75,000 dwt, in which the company has a 50 per cent share, were ordered. The first six P-MAX vessels and the two Panamax vessels will be delivered by 2008. Another four PMAX PMAX Maximum Power vessels are on order with delivery during 2009/2010. Concordia Maritime also has two VLCCs, each 313,000 dwt, on time charter for five years. These vessels, V-MAX, which were taken into service in 2001, were originally built for Concordia and are the first vessels built in accordance with the MAX concept. INNOVATION AND PERFORMANCE Our mission is to generate a profit by providing our customers with safe, cost-efficient tanker transportation based on innovation and performance. www.concordia-maritime.se This information was brought to you by Waymaker http://www.waymaker.net |
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