Concordia Maritime: Year-End Report, 1 January - 31 December 2012

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Concordia Maritime: Year-End Report, 1 January - 31 December 2012

GÖTEBORG, Sweden--(BUSINESS WIRE)-- Regulatory News:

Full year 2012


Financing secured for newly ordered vessels

Half of the P-MAX fleet upgraded to IMO 3

Board proposes to the AGM a dividend of SEK 0.50 (1.00)

Total income, SEK million 543.4

EBITDA, SEK million 228.4

Operating result before impairment, SEK million 77.5

Impairment, SEK million -411.0

Operating result after impairment, SEK million -333.5

Result after tax, SEK million -356.0

Result per share, SEK -7.46

EBITDA, USD million 33.7

Available liquid funds 1), SEK million 484.0

1) Including unutilised available credit facilities

Concordia Maritime is an international tanker shipping company. Our focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The company's B shares were admitted to trading on Nasdaq OMX Stockholm in 1984. www.concordiamaritime.com

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Concordia Maritime
Hans Norén
President
+46 704 855101
or
Anna Forshamn
CFO
+46 704 855172

KEYWORDS:   Europe  Sweden

INDUSTRY KEYWORDS:

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