Published: 08:11 CET 18-02-2011 /Thomson Reuters /Source: Golden Ocean Group /XOSL: GOGL /ISIN: BMG4032A1045
Interim Results for the Quarter and Year ended December 31, 2010
Highlights
·Golden Ocean reports profit of $24.0 million and earnings per share of $0.05 for the fourth quarter of 2010
·Golden Ocean reports profit of $108.1 million and earnings per share of $0.24 for the year ended December 31, 2010
·Golden Ocean announces dividends of US $0.05 per share for the fourth quarter of 2010
·The Company has taken delivery of a total of four newbuildings in December 2010 and January 2011
·Golden Ocean fixed out three ice class Panamax newbuildings for 5 years and fixed out Golden Heiwa for 2 years during Q4 2010
·The vessel Golden Shadow was sold in Q4 and delivered to new owners in December 2010
·The Company has made a retrospective adjustment to the accounting for two financial leases, reducing accumulated earnings for the nine-month period ended September 30, 2010 by $8.3 million. The effect on retained earnings at December 31, 2008 and December 31, 2009 was $11.2 million. All adjustments are non-cash items.
The full report is available in the link below.
http://hugin.info/135378/R/1490403/426044.pdf
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http://www.goldenocean.no/
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Photo: Capesize "Golden Feng"
18/2 2011 08:39 fcras 0
39136 Golden Ocean Group (GOGL)
http://www.goldenocean.no/
GOGL 25%:
http://www.sea-team.com/public/index.php
GOGL 10%:
http://www.knightsbridgetankers.com/
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Photo: Panamax "Golden Heiwa"
http://www.goldenocean.no/
GOGL 25%:
http://www.sea-team.com/public/index.php
GOGL 10%:
http://www.knightsbridgetankers.com/
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Photo: Panamax "Golden Heiwa"
18/2 2011 10:59 fcras 039162 GOGL - Q4 2010 Presentation:
http://hugin.info/135378/R/1490441/426090.pdf
http://hugin.info/135378/R/1490441/426090.pdf
