Nordic Business Report-July 10, 2006-I.M. Skaugen ASA reports 6-month operating profit of USD11.5m
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The Norwegian gas shipping company I.M. Skaugen ASA reported on Monday (10 July) an operating profit of USD11.5m on gross freight revenue of USD100.3m for the financial period January-June 2006.
Operating profit for the six-month period decreased from USD19.9m while gross freight revenue increased from USD87.1m, as compared to the corresponding period in 2005.
Operating profit for the quarter April-June 2006 amounted to USD3.1m on gross freight revenue of USD45.9m.
One US dollar (USD) is worth approximately 0.56 British pounds (GBP).
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