Attached please find Report 3Q 2012.
Farstad Shipping achieved an operating income of NOK 958.8 million for the 3rd quarter. The operating profit (EBIT) was NOK 213.6 million. The profit after taxes was NOK 122.8 million.
The operating income at 30.09.12 was NOK 2,798.0 million. The operating profit (EBIT) was NOK 578.3 million. The profit after taxes was NOK 280.6 million.
Contacts for further information:
CEO Karl-Johan Bakken - +47 901 05 697
CFO Torstein L. Stavseng - +47 911 07 001
Farstad Shipping`s fleet currently consists of 56 vessels (29 AHTS, 24 PSV and 3 SUBSEA) and 5 PSV and 4 AHTS under construction. The company`s operations are managed from Aalesund, Aberdeen, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 2000 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.